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Question 72

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Use the following to answer the questions below:
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line) , some summary statistics, and partial computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
Use the following to answer the questions below: Data were collected on the mileage (in thousands of miles)  and price (in thousands of dollars)  of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line) , some summary statistics, and partial computer output from a regression analysis are provided. Use three decimal places when reporting the results from any calculations, unless otherwise specified.    -Use the following computer output to identify and interpret a 95% interval for the mean price of all used Hyundai Elantras with 30,000 miles. Predicted Values for New Observations    A)  We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022. B)  We are 95% sure that the price of a single used Hyundai Elantra with 30,000 miles is between $7046 and $15,034. C)  We are 95% sure that the price of a single used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022. D)  We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $7046 and $15,034.
-Use the following computer output to identify and interpret a 95% interval for the mean price of all used Hyundai Elantras with 30,000 miles.
Predicted Values for New Observations
Use the following to answer the questions below: Data were collected on the mileage (in thousands of miles)  and price (in thousands of dollars)  of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line) , some summary statistics, and partial computer output from a regression analysis are provided. Use three decimal places when reporting the results from any calculations, unless otherwise specified.    -Use the following computer output to identify and interpret a 95% interval for the mean price of all used Hyundai Elantras with 30,000 miles. Predicted Values for New Observations    A)  We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022. B)  We are 95% sure that the price of a single used Hyundai Elantra with 30,000 miles is between $7046 and $15,034. C)  We are 95% sure that the price of a single used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022. D)  We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $7046 and $15,034.


A) We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022.
B) We are 95% sure that the price of a single used Hyundai Elantra with 30,000 miles is between $7046 and $15,034.
C) We are 95% sure that the price of a single used Hyundai Elantras with 30,000 miles is between $10,058 and $12,022.
D) We are 95% sure that the mean price of all used Hyundai Elantras with 30,000 miles is between $7046 and $15,034.

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