A 95% Prediction Interval for SALARY When GMAT = 600

question 9

Multiple Choice

A 95% prediction interval for SALARY when GMAT = 600 is ($37,915, $51,948) . Interpret this interval for the situation above.

• A) We are 95% confident that the SALARY of a top business school graduate with a GMAT of 600 will fall between $37,915 and $51,984.
• B) We are 95% confident that the mean SALARY of all top business school graduates with GMATs of 600 will fall between $37,915 and $51,984.
• C) We are 95% confident that the increase in SALARY for a 600-point increase in GMAT will fall between $37,915 and $51,984.
• D) We are 95% confident that the SALARY of a top business school graduate will fall between $37,915 and $51,984.

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Definitions:

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, playing key roles in determining traits and characteristics.

Teratogens

Agents or factors that can cause developmental malformations or defects in an embryo or fetus when exposed during pregnancy.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing fetus while removing waste.

Developing Fetus

A developing fetus refers to an unborn offspring in the process of growth and development inside the uterus, from the embryonic stage (following implantation) through to birth.