#6 Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $21.51 and a 95% confidence interval of [$20.97, $22.03]. Which of the following statements is a valid interpretation of the confidence interval? Multiple Choice We are 95% confident that a randomly selected taxi fare will be between $20.97 and $22.03. 95% of all taxi fares are between $20.97 and $22.03. With 95% confidence, we con report that the average taxi fare between Logan Airport and downtown Boston will fall between $20.97 and $22.03. The mean amount of a taxi fare is $21.51, 95% of the time.
#6 Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $21.51 and a 95% confidence interval of [$20.97, $22.03]. Which of the following statements is a valid interpretation of the confidence interval? Multiple Choice We are 95% confident that a randomly selected taxi fare will be between $20.97 and $22.03. 95% of all taxi fares are between $20.97 and $22.03. With 95% confidence, we con report that the average taxi fare between Logan Airport and downtown Boston will fall between $20.97 and $22.03. The mean amount of a taxi fare is $21.51, 95% of the time.
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Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $21.51 and a 95% confidence interval of [$20.97, $22.03]. Which of the following statements is a
valid interpretation of the confidence interval?
Multiple Choice
We are 95% confident that a randomly selected taxi fare will be between $20.97 and $22.03.
95% of all taxi fares are between $20.97 and $22.03.
With 95% confidence, we can report that the average taxi fare between Logan Airport and downtown Boston will fall between $20.97 and $22.03.
The mean amount of a taxi fare is $21.51, 95% of the time.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18d34d0d-c07a-4c5e-831d-0c9f5eda24df%2F9562dc76-9ebc-40e2-858a-84c09ea07f63%2Fp289l4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:#6
Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $21.51 and a 95% confidence interval of [$20.97, $22.03]. Which of the following statements is a
valid interpretation of the confidence interval?
Multiple Choice
We are 95% confident that a randomly selected taxi fare will be between $20.97 and $22.03.
95% of all taxi fares are between $20.97 and $22.03.
With 95% confidence, we can report that the average taxi fare between Logan Airport and downtown Boston will fall between $20.97 and $22.03.
The mean amount of a taxi fare is $21.51, 95% of the time.
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