In a random sample of eight cell phones, the mean full retail price was $539.00 and the standard deviation was $150.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 90% confidence interval for the population mean µ. Interpret the results. Interpret the results. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal. Do not round.) O A. % of all random samples of eight people from the population of cell phones will have a mean full retail price (in dollars) that is between the interval's endpoints. O B. With % confidence, it can be said that the population mean full retail price of cell phones (in dollars) is between the interval's endpoints. OC. It can be said that 95 % of the population of cell phones have full retail prices (in dollars) that are between the interval's endpoints. O D. With % confidence, it can be said that most cell phones in the population have full retail prices (in dollars) that are between the interval's endpoints.

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In a random sample of eight cell phones, the mean full retail price was $539.00 and the standard deviation was $150.00. Assume the
population is normally distributed and use the t-distribution to find the margin of error and construct a 90% confidence interval for the
population mean µ. Interpret the results.
Interpret the results. Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or a decimal. Do not round.)
O A.
% of all random samples of eight people from the population of cell phones will have a
mean full retail price (in dollars) that is between the interval's endpoints.
O B. With
% confidence, it can be said that the population mean full retail price of cell
phones (in dollars) is between the interval's endpoints.
OC.
It can be said that 95
% of the population of cell phones have full retail prices (in dollars)
that are between the interval's endpoints.
O D. With
% confidence, it can be said that most cell phones in the population have full
retail prices (in dollars) that are between the interval's endpoints.
Transcribed Image Text:In a random sample of eight cell phones, the mean full retail price was $539.00 and the standard deviation was $150.00. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 90% confidence interval for the population mean µ. Interpret the results. Interpret the results. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal. Do not round.) O A. % of all random samples of eight people from the population of cell phones will have a mean full retail price (in dollars) that is between the interval's endpoints. O B. With % confidence, it can be said that the population mean full retail price of cell phones (in dollars) is between the interval's endpoints. OC. It can be said that 95 % of the population of cell phones have full retail prices (in dollars) that are between the interval's endpoints. O D. With % confidence, it can be said that most cell phones in the population have full retail prices (in dollars) that are between the interval's endpoints.
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