Suppose We Know That a Particular Bottle of Wine Had

question 21

Multiple Choice

Suppose we know that a particular bottle of wine had a taste score of 15. What can be said about the price of this bottle of wine? Select the statement that is true about the price of this bottle of wine.

• A)The expected price is $6.18.We can be confident that this bottle of wine will cost less than $20.
• B)The expected price is $25.61.We can be confident that the actual price of this bottle of wine will be between $21.25 and $29.97.
• C)The expected price is $25.61.We can be confident that the actual price of this bottle of wine will be between $24.45 and $29.97.
• D)The expected price is $25.61.We can be confident that the average price of all bottles of wine with a taste score of 15 will be between $21.25 and $29.97.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to other businesses or consumers, usually in a B2B (business-to-business) context.

Customers

Individuals or entities that purchase goods or services from a company or business.

Firewall

Limits data transfers to certain locations and log system use so that managers can identify attempts to log on with invalid passwords and other threats to a system’s security.