A $95 \%$ Prediction Interval for SALARY When GMAT $= 600$ Is $( \$ 37,915 , \$ 51,948 )$

question 71

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

---

Definitions:

Wireless ISP

An Internet service provider that provides services through wireless networking technology rather than traditional wired methods.

Internet

A global network connecting millions of computers for communication and information exchange.

Wireless Networks

Communication networks that transmit data through electromagnetic waves without requiring physical connectors or cables.

Wired Networks

Networks that use physical cables to connect devices and facilitate communication between them.