Solved

A Computer Package Was Used to Generate the Following Printout

Question 76

Multiple Choice

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. 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. 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.

Correct Answer:

verifed

Verified

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

Related Questions