A Computer Package Was Used to Generate the Following Printout $$X=\text { sale price }$$

question 101

Multiple Choice

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. $$X=\text { sale price }$$
$$\begin{array}{r}\text {SAMPLE MEAN OF X \( =\quad 46,400 \) }\\\text {SAMPLE STANDARD DEV \( =13,747 \) }\\\text {SAMPLE SIZE OF X \( =15 \) }\\\text {CONFIDENCE \( =\quad 98 \) }\\\\\text {UPPER LIMIT \( =\quad 55,713.8 \) }\\\text {SAMPLE MEAN OF \( X=46,400 \) }\\\text {LOWER LIMIT \( =37.086 .2 \) } \end{array}$$
At what level of reliability is the confidence interval made?

• A) 98%
• B) 2%
• C) 49%
• D) 51%

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Definitions:

Psychosomatic

Pertaining to or involving both the mind and the body, especially relating to the influence of emotions and psychological factors in physical illness.

Neurological Disease

Disorders of the nervous system, including the brain, spinal cord, and nerves that may affect movement, cognition, and sensory perception.

Fidelity

The degree of accuracy and integrity with which a study, reproduction, or representation reflects the original subject or value.

Justice

The ethical principle concerned with fairness, equity, and impartiality in the allocation of resources and treatment of individuals.