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The real estate industry claims that it is the best and most effective system to market residential real estate. A survey of randomly selected home sellers in Illinois found that a 95% confidence interval for the proportion of homes that are sold by a real estate agent is 69% to 81%. Interpret the interval in this context A) In 95% of the years, between 69% and 81% of homes in Illinois are sold by a real estate agent. B) We are 95% confident, based on this sample, that between 69% and 81% of all homes in Illinois are sold by a real estate agent. C) 95% of all homes in Illinois are sold by a real estate agent. D) We are 95% confident that between 69% and 81% of homes in this survey are sold by a real estate agent. E) 95% of all random samples of home sellers in Illinois will show that between 69% and 81% of homes are sold by a real estate agent. The real estate industry claims that it is the best and most effective system to market residential real estate. A survey of randomly selected home sellers in Illinois found that a 95% confidence interval for the proportion of homes that are sold by a real estate agent is 69% to 81%. Interpret the interval in this context A) In 95% of the years, between 69% and 81% of homes in Illinois are sold by a real estate agent. B) We are 95% confident, based on this sample, that between 69% and 81% of all homes in Illinois are sold by a real estate agent. C) 95% of all homes in Illinois are sold by a real estate agent. D) We are 95% confident that between 69% and 81% of homes in this survey are sold by a real estate agent. E) 95% of all random samples of home sellers in Illinois will show that between 69% and 81% of homes are sold by a real estate agent.
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Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Posted Date:
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