Solved

Retail Price Data for N = 60 Hard Disk Drives y=y =

Question 47

Multiple Choice

Retail price data for n = 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:
 Retail price data for n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive:  y =  Retail PRICE (measured in dollars)   x _ { 1 } =  Microprocessor SPEED (measured in megahertz)  (Values in sample range from 10 to 40 )   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:    Interpret the interval given in the printout. A)  We are  95 \%  confident that the average price of all hard drives with 33 megahertz speed and 386 CPU falls between  \$ 3,943  and  \$ 4,987 . B)  We are  95 \%  confident that the price of a single hard drive falls between  \$ 3,943  and  \$ 4,987 . C)  We are  95 \%  confident that the average price of all hard drives falls between  \$ 3,943  and  \$ 4,987 .  D)  We are  95 \%  confident that the price of a single hard drive with 33 megahertz speed and 386 CPU falls between  \$ 3,943  and  \$ 4,987 .

Interpret the interval given in the printout.


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents