Suppose We Know That a Particular Bottle of Wine Had

Multiple Choice

Suppose we know that a particular bottle of wine had a taste score of 15. What can be said about the price of this bottle of wine? Select the statement that is true about the price of this bottle of wine.

A) The expected price is $6.18.We can be confident that this bottle of wine will cost less than $20.
B) The expected price is $25.61.We can be confident that the actual price of this bottle of wine will be between $21.25 and $29.97.
C) The expected price is $25.61.We can be confident that the actual price of this bottle of wine will be between $24.45 and $29.97.
D) The expected price is $25.61.We can be confident that the average price of all bottles of wine with a taste score of 15 will be between $21.25 and $29.97.