Multiple Choice
A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. sale_price
SAMPLE MEAN OF X
SAMPLE STANDARD DEV
SAMPLE SIZE OF X
CONFIDENCE
UPPER LIMIT
SAMPLE MEAN OF X
LOWER LIMIT
A friend suggests that the mean sale price of homes in this neighborhood is $48,000. Comment on your friend's suggestion.
A) Your friend is correct, and you are 100% certain.
B) Your friend is correct, and you are 95% certain.
C) Based on this printout, all you can say is that the mean sale price might be $48,000.
D) Your friend is wrong, and you are 95% certain.
Correct Answer:

Verified
Correct Answer:
Verified
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