You Are Interested in Purchasing a New Car $12,580 \pm 1.746 ( 700 / \sqrt { 17 } )$

question 58

Multiple Choice

You are interested in purchasing a new car. One of the many points you wish to consider is the resale value of the car after 5 years. Since you are particularly interested in a certain foreign sedan,
You decide to estimate the resale value of this car with a 90% confidence interval. You manage to
Obtain data on 17 recently resold 5-year-old foreign sedans of the same model. These 17 cars were
Resold at an average price of $12,580 with a standard deviation of $700. What is the 90% confidence
Interval for the true mean resale value of a 5- year-old car of this model?

• A) \(12,580 \pm 1.746 ( 700 / \sqrt { 17 } )\)
• B) \(12,580 \pm 1.746 ( 700 / \sqrt { 16 } )\)
• C) \(12,580 \pm 1.645 ( 700 / \sqrt { 17 } )\)
• D) \(12,580 \pm 1.740 ( 700 / \sqrt { 17 } )\)

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Definitions:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors, such as vomiting, to avoid weight gain.

Self-Induced Vomiting

A behavior where an individual voluntarily provokes vomiting, often associated with eating disorders such as bulimia.

Intense Fear

A strong, often overwhelming emotion caused by anticipation or awareness of danger and threat, leading to extreme anxiety or discomfort.

Purging Behaviors

Actions such as self-induced vomiting, excessive exercise, or misuse of laxatives, undertaken in order to eliminate consumed food and prevent weight gain, often associated with eating disorders.