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Montano1993 [528]
3 years ago
5

Look at the 95% confidence interval and say whether the following statement is true or false. ""This interval describes the pric

e of 95% of the rents of all the unfurnished one-bedroom apartments in the Boston area."" Be sure to explain your answer.
Mathematics
1 answer:
zheka24 [161]3 years ago
8 0

Answer:

False

Step-by-step explanation:

Confidence intervals provide a range for a population parameter at a given significance level. The parameter can be mean, standard deviation etc.

In this example population is the prices of the rents of all the unfurnished one-bedroom apartments in the Boston area

significance level is 95%. Thus, the chance being the true population parameter in the given interval is 95%.

But, "This interval describes the price of 95% of the rents of all the unfurnished one-bedroom apartments in the Boston area." statement is false because the population parameter is missing. Confidence interval may describe population mean for example but it does not describe the <em>whole</em> population.

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