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Author Question: A computer package was used to generate the following printout for estimating the mean sale price of ... (Read 86 times)

Hungry!

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on: Feb 14, 2020
A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.

X = sale_price

SAMPLE MEAN OF X =46,400
SAMPLE STANDARD DEV =13,747
SAMPLE SIZE OF X =15
CONFIDENCE =90

UPPER LIMIT =52,650.6
SAMPLE MEAN OF X =46,400
LOWER LIMIT =40,149.4
Which of the following is a practical interpretation of the interval above?
◦ 90% of the homes in this neighborhood have sale prices that fall between $40,149.40 and $52,650.60.
◦ We are 90% confident that the true sale price of all homes in this neighborhood fall between $40,149.40 and $52,650.60.
◦ We are 90% confident that the mean sale price of all homes in this neighborhood falls between $40,149.40 and $52,650.60.
◦ All are correct practical interpretations of this interval.
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by Hungry! on Feb 14, 2020

xiaomengxian

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Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hungry!

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Reply 2 on: Feb 14, 2020
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Excellent

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