Math 6

profilecdub06
Home>Homework Answsers>Mathematics homework help

18: 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%. Four interpretations are offered below. Three are incorrect and one is correct. Find the three incorrect interpretations and explain the error in each of them.

  1. 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.
  2. We are 95% confident that between 69% and 81% of homes in this survey are sold by a real estate agent.
  3. 95% of all homes in Illinois are sold by a real estate agent.
  4. 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.
    • 10 years ago
    • 10
    Report issue
    Answer(3)
    profile
    guru2009
    4.8 (155)
    4.8 (93)
    Chat

    Purchase the answer to view it

    blurred-text
    NOT RATED
    profile
    ProfEng Emanwanj-MatPhy
    5.0 (54)
    5.0 (16)
    Chat

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      math_6_workings.docx
    profile
    Prof Double R
    5.0 (4k+)
    4.9 (102)
    Chat

    Purchase the answer to view it

    blurred-text
    NOT RATED
    Bids(0)