A computer package was used to generate the following printout for estimating the sale price of homes in a particular neighborhood. X = sale_price SAMPLE MEAN OF X = 46,300 SAMPLE STANDARD DEV = 13,747 SAMPLE SIZE OF X = 15 CONFIDENCE = 99 UPPER LIMIT = 56,866.70 SAMPLE MEAN OF X = 46,300 LOWER LIMIT = 35,733.30 A friend suggests that the mean sale price of homes in this neighborhood is 43,000$. Comment on your friend's suggestion. Select one: A. Your friend is wrong, and you are 99% certain. B. Your friend is correct, and you are 99% certain. C. Your friend is correct, and you are 100% certain. D. Based on this printout, all you can say is that the mean sale price might be
A computer package was used to generate the following printout for estimating the sale price of homes in a particular neighborhood. X = sale_price SAMPLE MEAN OF X = 46,300 SAMPLE STANDARD DEV = 13,747 SAMPLE SIZE OF X = 15 CONFIDENCE = 99 UPPER LIMIT = 56,866.70 SAMPLE MEAN OF X = 46,300 LOWER LIMIT = 35,733.30 A friend suggests that the mean sale price of homes in this neighborhood is 43,000$. Comment on your friend's suggestion. Select one: A. Your friend is wrong, and you are 99% certain. B. Your friend is correct, and you are 99% certain. C. Your friend is correct, and you are 100% certain. D. Based on this printout, all you can say is that the mean sale price might be
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A computer package was used to generate the following printout for estimating the sale price of homes in a particular neighborhood.
A friend suggests that the mean sale price of homes in this neighborhood is 43,000$. Comment on your friend's suggestion.
X = sale_price |
SAMPLE |
46,300 |
SAMPLE STANDARD DEV = | 13,747 |
15 |
CONFIDENCE = | 99 |
UPPER LIMIT = | 56,866.70 |
SAMPLE MEAN OF X = | 46,300 |
LOWER LIMIT = | 35,733.30 |
A friend suggests that the mean sale price of homes in this neighborhood is 43,000$. Comment on your friend's suggestion.
Select one:
A. Your friend is wrong, and you are 99% certain.
B. Your friend is correct, and you are 99% certain.
C. Your friend is correct, and you are 100% certain.
D. Based on this printout, all you can say is that the mean sale price might be
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