Concept explainers
To find: The option that correctly interprets the provided confidence interval correctly.
Answer to Problem 10PT
Option (d) is correctly interpretating the confidence interval of true median income.
Explanation of Solution
Given:
Median income = $ 57,005
Confidence level = 99%
Margin of error = ±$ 742
The confidence interval says if the many samples of same size from the same population are taken out then there is certainty that true population mean will lie between the
Here, it could be said that obtained the result
Hence, the correct option is (d).
Chapter 8 Solutions
The Practice of Statistics for AP - 4th Edition
Additional Math Textbook Solutions
Elementary Statistics
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Essentials of Statistics (6th Edition)
Statistics: The Art and Science of Learning from Data (4th Edition)
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