Use the following output to identify and interpret a 95% interval for the mean selling price of all 50-year-old homes in this portion of northern New York.
Predicted Values for New Observations

A) CI: (141.39, 178.49) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $141,390 and $178,490.
B) CI: (141.39, 178.49) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $141,390 and $178,490.
C) PI: (50.52, 269.36) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $50,520 and $269,360.
D) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $50,520 and $269,360.

Question

Use the following output to identify and interpret a 95% interval for the mean selling price of all 50-year-old homes in this portion of northern New York.
Predicted Values for New Observations
 
A) CI: (141.39, 178.49) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $141,390 and $178,490. 
B) CI: (141.39, 178.49) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $141,390 and $178,490. 
C) PI: (50.52, 269.36) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $50,520 and $269,360. 
D) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $50,520 and $269,360.

Quizplus · Accepted Answer

The Answer of Use the following output to identify and interpret a 95% interval for the mean selling price of all 50-year-old homes in this portion of northern New York.
Predicted Values for New Observations
 
A) CI: (141.39, 178.49) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $141,390 and $178,490. 
B) CI: (141.39, 178.49) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $141,390 and $178,490. 
C) PI: (50.52, 269.36) We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $50,520 and $269,360. 
D) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $50,520 and $269,360.

Use the Following Output to Identify and Interpret a 95