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Use the Following Output to Identify and Interpret a 95

Question 7

Multiple Choice

Use the following output to identify and interpret a 95% interval for the selling price of a 50-year-old house 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 selling price of a 50-year-old house in this portion of northern New York. Predicted Values for New Observations    A)  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. B)  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. C)  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. D)  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.


A) 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.
B) 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.
C) 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.
D) 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.

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