Retail price data for hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive:
Retail PRICE (measured in dollars)
Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
CHIP size (measured in computer processing units)
(Values in sample range from 286 to 486 )
a first-order regression model was fit to the data. Part of the printout follows:
Interpret the interval given in the printout.
A) We are confident that the price of a single hard drive falls between and .
B) We are confident that the average price of all hard drives falls between and .
C) We are confident that the price of a single hard drive with 33 megahertz speed and 386 CPU falls between and .
D) We are confident that the average price of all hard drives with 33 megahertz speed and 386 CPU falls between and .
Correct Answer:
Verified
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