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

Question 96

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 .

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