Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $16.51 and a 95% confidence interval of ($15.96, $17.04). Which of the following statements is a valid interpretation of the confidence interval? Multiple Choice 95% of all taxi fares are between $15.96 and $17.04. We are 95% confident that a randomly selected taxi fare will be between $15.96 and $17.04. The mean amount of a taxi fare is $16.51, 95% of the time. With 95% confidence, we can report that the average taxi fare between Logan Airport and downtown Boston will fall between $15.96 and $17.04.

Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $16.51 and a 95% confidence interval of ($15.96, $17.04). Which of the following statements is a valid interpretation of the confidence interval? Multiple Choice 95% of all taxi fares are between $15.96 and $17.04. We are 95% confident that a randomly selected taxi fare will be between $15.96 and $17.04. The mean amount of a taxi fare is $16.51, 95% of the time. With 95% confidence, we can report that the average taxi fare between Logan Airport and downtown Boston will fall between $15.96 and $17.04.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 8SGR

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