A Computer Package Was Used to Generate the Following Printout $X =$

question 10

Multiple Choice

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.

$X =$ sale_price

SAMPLE MEAN OF X $= 46,300$
SAMPLE STANDARD DEV $= 13,747$
'SAMPLE SIZE OF $X = \quad 15$
CONFIDENCE $= \quad 95$

UPPER LIMIT $= \quad 53,913.6$
SAMPLE MEAN OF $X = \quad 46,300$
LOWER LIMIT $= \quad 38,686.4$

At what level of reliability is the confidence interval made?

• A) 52.5%
• B) 95%
• C) 5%
• D) 47.5%

---

Definitions:

Medical Bills

Documents or statements that detail charges for medical services and treatments provided to a patient.

Endowment Policy

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Maximum Loan

The highest amount of money that a borrower can obtain from a lender under a specific loan agreement.

Insured

A person or entity covered under an insurance policy receiving protection against specified risks.