This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A computer package was used to generate the following printout for estimating the mean sale price of ... (Read 106 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Hungry! on Feb 14, 2020

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
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.
Answer Preview
Only 25% of students answer this correctly


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Feb 14, 2020
:D TYSM

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Estimating the molecular weight of a protein. The electrophoretic mobility of a protein on an SDS po Estimating the molecular weight of a protein. The electrophoretic mobility of a protein on an SDS po
A typical accelerator pedal position (APP) sensor uses three different sensors in one package with ... A typical accelerator pedal position (APP) sensor uses three different sensors in one package with ...
A typical variable cam timing control valve. The solenoid is controlled by the engine computer and ... A typical variable cam timing control valve. The solenoid is controlled by the engine computer and ...
GO! All in One: Computer Concepts and Applications, 3rd GO! All in One: Computer Concepts and Applications, 3rd
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Students pointing at a computer screen Students pointing at a computer screen
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library