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Use the Following Output to Identify and Interpret a 95

Question 109

Multiple Choice

Use the following output to identify and interpret a 95% interval for the mean selling price of all 50-year-old homes in this portion of northern New York.
Predicted Values for New Observations
Use the following output to identify and interpret a 95% interval for the mean selling price of all 50-year-old homes in this portion of northern New York. Predicted Values for New Observations    A)  CI: (141.39, 178.49)  We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $141,390 and $178,490. B)  CI: (141.39, 178.49)  We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $141,390 and $178,490. C)  PI: (50.52, 269.36)  We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $50,520 and $269,360. D)  We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $50,520 and $269,360.


A) CI: (141.39, 178.49)
We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $141,390 and $178,490.
B) CI: (141.39, 178.49)
We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $141,390 and $178,490.
C) PI: (50.52, 269.36)
We are 95% sure that the selling price of a 50-year-old house in this portion of northern New York is between $50,520 and $269,360.
D) We are 95% sure that the mean selling price of all 50-year-old homes in this portion of northern New York is between $50,520 and $269,360.

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