1. The real estate industry claims that is it the best andmost effective systemt
ID: 2917318 • Letter: 1
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1. The real estate industry claims that is it the best andmost effective systemto market residential real estate. A surveyrandomly selected home sellrs in Illinois found that a95%confidence interval for the proportion of homes that are sold bya real estate agent is 69% to 81%. Interpret the interval in thiscontext. a. If you sell a home in Illinois, you ahave a 75%± 6%chance of using a real estate agent. b. We are 95% confident, based on the sample, that between 69%and 81% of all homes in Illinois are sold by a real estateagent. c. 95% of all random samples of home sellers in Illinois willshow that between 69% and 81% of homes are sold by a real estateagent. d. In 95% of the years , between 69%and 81% of homes inIllinois are sold by a real estate agent. e. We are 95% confident that between 69% and 81% of homes inthis survey are sold by a real estate agent. 1. The real estate industry claims that is it the best andmost effective systemto market residential real estate. A surveyrandomly selected home sellrs in Illinois found that a95%confidence interval for the proportion of homes that are sold bya real estate agent is 69% to 81%. Interpret the interval in thiscontext. a. If you sell a home in Illinois, you ahave a 75%± 6%chance of using a real estate agent. b. We are 95% confident, based on the sample, that between 69%and 81% of all homes in Illinois are sold by a real estateagent. c. 95% of all random samples of home sellers in Illinois willshow that between 69% and 81% of homes are sold by a real estateagent. d. In 95% of the years , between 69%and 81% of homes inIllinois are sold by a real estate agent. e. We are 95% confident that between 69% and 81% of homes inthis survey are sold by a real estate agent.Explanation / Answer
b. is the right one
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