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What is the correct interpretation of this confidence interval? (Select all that apply.) We are 95% confident that the true mean listing price lies between $225,500 and $341,800. We are 95% confident that the sample mean listing price lies between $225,500 and $341,800. 95% of the listing prices lie between $225,500 and $341,800. ☐ 95% of all 95% confidence intervals will contain the true mean listing price.

What is the correct interpretation of this confidence interval? (Select all that apply.) We are 95% confident that the true mean listing price lies between $225,500 and $341,800. We are 95% confident that the sample mean listing price lies between $225,500 and $341,800. 95% of the listing prices lie between $225,500 and $341,800. ☐ 95% of all 95% confidence intervals will contain the true mean listing price.

MATLAB: An Introduction with Applications
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 random sample of n = 51 homes listed for sale in Madison County was collected. The 95% confidence interval for the true mean listing price was computed to be ($225,500, $341,800). What is the correct interpretation of this confidence interval? (Select all that apply.) ✔ We are 95% confident that the true mean listing price lies between $225,500 and $341,800. ✔ We are 95% confident that the sample mean listing price lies between $225,500 and $341,800. 95% of the listing prices lie between $225,500 and $341,800. 95% of all 95% confidence intervals will contain the true mean listing price.
Transcribed Image Text:A random sample of n = 51 homes listed for sale in Madison County was collected. The 95% confidence interval for the true mean listing price was computed to be ($225,500, $341,800). What is the correct interpretation of this confidence interval? (Select all that apply.) ✔ We are 95% confident that the true mean listing price lies between $225,500 and $341,800. ✔ We are 95% confident that the sample mean listing price lies between $225,500 and $341,800. 95% of the listing prices lie between $225,500 and $341,800. 95% of all 95% confidence intervals will contain the true mean listing price.
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