Retail price data for n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive: Retail PRICE (measured in dollars)
Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
CHIP size (measured in computer processing units)
(Values in sample range from 286 to 486 )
a first-order regression model was fit to the data. Part of the printout follows:
Interpret the interval given in the printout.
A) We are 95% confident that the price of a single hard drive with 33 megahertz speed and 386 CPU falls between $3,943 and $4,987.
B) We are 95% confident that the price of a single hard drive falls between $3,943 and $4,987.
C) We are 95% confident that the average price of all hard drives falls between $3,943 and $4,987.
D) We are 95% confident that the average price of all hard drives with 33 megahertz speed and 386 CPU falls between $3,943 and $4,987.
Correct Answer:
Verified
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