Mathematics, 22.07.2021 20:20 arturo200
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 $21.51 and a 95% confidence interval of [$20.52, $22.48]. Which of the following statements is a valid interpretation of the confidence interval?
a. we are 95% confident that a randomly selected taxi fare will be between $2051 and $2421.
b. 95% of all taxi fares are between $2051 and $2421.
c. We are 95% confident that the average tau fare between Logan Airport and downtown Boston will fall between $2051 and $2421.
d. The mean amount of a taxi fare is $22.31, 95% of the time.
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Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a s...
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