A Computer Package Was Used to Generate the Following Printout

question 76

Multiple Choice

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood. Which of the following is a practical interpretation of the interval above?

• A)We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,249.40 and $52,750.60.
• B)90% of the homes in this neighborhood have sale prices that fall between $40,249.40 and $52,750.60.
• C)We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,249.40 and $52,750.60.
• D)All are correct practical interpretations of this interval.

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Definitions:

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