Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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