M- GE261 Test #3 Alternate - Hypothesis Testing-no.ans.1 - Read-Only Q Sse: iIces Mailings Review View [ Ge Sty 7. Circle the correct response. A university is considering a change in the way students pay for their education. Presently, the students pay $16 per credit hour. The university is contemplating charging each student a set fee of $240 per quarter, regardless of how many credit hours each takes. To see if this proposal would be economically feasible, the university would like to know how many credit hours, on the average, each student takes per quarter. Suppose a 95% confidence interval turned out to be 14.1 + .3. Choose the statement that best explains what the interval means. a. The probability that a student takes 14 hours in a quarter is .95. b. We are 95% confident that the population mean of credit hours per quarter, for students at the college, is between 13.8 and 14.4. 95% of the students take between 13.8 and 14.4 credit hours per quarter d. We are 95% confident that the mean of credit hours per quarter, for the students sampled, is between 13.8 and 14.4. e