If we wanted to estimate the average price of all bottles of wine with a taste score of 18, we would use a
A)Confidence interval
B)Prediction interval

Name: If we wanted to estimate the average price of all bottles of wine with a taste score of 18, we would use a A)Confidence interval B)Prediction interval
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

A confidence interval is used to estimate the average (mean) of a population parameter (in this case, the average price of all bottles of wine with a taste score of 18) based on sample data.

If We Wanted to Estimate the Average Price of All