4 Pts) A 95% confidence interval is computed from a sample size of 15 to estimat

Question

4 Pts) A 95% confidence interval is computed from a sample size of 15 to estimate the average age of all people buying investment property and was found to be 42 to 53. Which of the following is the correct interpretation of the confidence interval. 6 1) We are 95% confident that the true average age of all people buying investment property is in the interval from 42 to 53 2) We are 95% confident that the interval from 42 to 53 contains the true average age of all people buying investment property all people buying investment property. We are 95% confident that the true average age of all people buying investment property 3) We are 95% confident that the interval from 42 to 53 does not contain the true average age 4) not in the interval from 42 to 53. Page 2 of3

Explanation / Answer

The correct answer is (B)

We are 95% confident that the interval 42 to 53 contains the true average of all people buying investment property.

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.