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Retail Price Data For n=60n = 60 Hard Disk Drives Were Recently Reported in a Computer Magazine

Question 127

Multiple Choice

Retail price data for n=60n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive:
y=y = Retail PRICE (measured in dollars)
x1=x _ { 1 } = Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
x2=x _ { 2 } = 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:

 Dep Var Predict Std Err Lower 95% Upper 95%  OBSSPEED CHIP  PRICE  Value  Predict  Predict  Predict  Residual 1332865099.04464.9260.7683942.74987.1634.1\begin{array}{rrrrrrrrr}\hline &&&\text { Dep Var}&\text { Predict}&\text { Std Err }&\text {Lower 95\% }&\text {Upper 95\% }\\\text { OBS}& \text {SPEED}&\text { CHIP } & \text { PRICE } & \text { Value } & \text { Predict } & \text { Predict } & \text { Predict } & \text { Residual } \\1 & 33 & 286 & 5099.0 & 4464.9 & 260.768 & 3942.7 & 4987.1 & 634.1 \\\hline\end{array}

Interpret the interval given in the printout.


A) We are 95%95 \% confident that the price of a single hard drive falls between $3,943\$ 3,943 and $4,987\$ 4,987 .
B) We are 95%95 \% confident that the average price of all hard drives falls between $3,943\$ 3,943 and $4,987\$ 4,987 .
C) We are 95%95 \% confident that the price of a single hard drive with 33 megahertz speed and 386 CPU falls between $3,943\$ 3,943 and $4,987\$ 4,987 .
D) We are 95%95 \% confident that the average price of all hard drives with 33 megahertz speed and 386 CPU falls between $3,943\$ 3,943 and $4,987\$ 4,987 .

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