Multiple Choice
You want to estimate the average GMAT score for all students who took the Logitano GMAT Preparation course during the past 2 years.You select a random sample of 100 such students from a comprehensive list of all students who took the course over the last two years and find that the average GMAT score for the sample was 1040.Suppose now you build a 95% confidence interval estimate of the average score for the population of Logitano students represented here and the interval turns out to be 1040 ± 10 points.How would you interpret your result?
A) We can be 95% confident that the interval 1030 to 1050 contains the average score for the entire population of Logitano students.
B) The score for 95% of all Logitano students will be between 1030 and 1050.
C) There is a 5% chance that not all Logitano students scored between 1030 and 1050.
D) We can be 95% confident that all of Logitano students scored between 1030 and 1050.
E) Ninety-five percent of the scores for all Logitano students will be between 1030 and 1050.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: The average annual health care cost in
Q41: A random sample of 40 online retailers
Q42: Suppose you plan to build a 98%
Q43: Which of the following is NOT a
Q44: As sample size n increases the margin
Q46: Hinton Motors is testing an experimental battery-powered
Q47: An 80% confidence interval will be twice
Q48: Sampling without replacement is a sampling procedure
Q49: For a sample 1000 Twitter users, Tele-Market
Q50: Torres Electronics wants to estimate the average