A 95% prediction interval for SALARY when GMAT = 600 is ($37,915, $51,948). Interpret this interval for the situation above.
A) We are 95% confident that the SALARY of a top business school graduate with a GMAT of 600 will fall between $37,915 and $51,984.
B) We are 95% confident that the mean SALARY of all top business school graduates with GMATs of 600 will fall between $37,915 and $51,984.
C) We are 95% confident that the increase in SALARY for a 600-point increase in GMAT will fall between $37,915 and $51,984.
D) We are 95% confident that the SALARY of a top business school graduate will fall between $37,915 and $51,984.

Question

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A 95% prediction interval provides a range in which we expect the salary of an individual graduate with a GMAT score of 600 to fall, with 95% confidence.

A 95% Prediction Interval for SALARY When GMAT = 600