A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. Which of the following is a practical interpretation of the interval above?
A)We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,249.40 and $52,750.60.
B)90% of the homes in this neighborhood have sale prices that fall between $40,249.40 and $52,750.60.
C)We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,249.40 and $52,750.60.
D)All are correct practical interpretations of this interval.

Question

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.  Which of the following is a practical interpretation of the interval above?
A)We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,249.40 and $52,750.60. 
B)90% of the homes in this neighborhood have sale prices that fall between $40,249.40 and $52,750.60. 
C)We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,249.40 and $52,750.60. 
D)All are correct practical interpretations of this interval.

Quizplus · Accepted Answer

The Answer of A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.  Which of the following is a practical interpretation of the interval above?
A)We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,249.40 and $52,750.60. 
B)90% of the homes in this neighborhood have sale prices that fall between $40,249.40 and $52,750.60. 
C)We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,249.40 and $52,750.60. 
D)All are correct practical interpretations of this interval.

A Computer Package Was Used to Generate the Following Printout