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 \(\$ 51,984\).

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