Use the following to answer the questions below:
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.

-Use the following computer output to identify and interpret a 95% interval for the price of a single used Hyundai Elantra with 70,000 miles.
A) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $3,440 and $11,347.
B) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $3,440 and $11,347.
C) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $6,593 and $8,193.
D) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $6,593 and $8,193.

Question

Use the following to answer the questions below:
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
 
-Use the following computer output to identify and interpret a 95% interval for the price of a single used Hyundai Elantra with 70,000 miles. 
A) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $3,440 and $11,347. 
B) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $3,440 and $11,347. 
C) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $6,593 and $8,193. 
D) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $6,593 and $8,193.

Quizplus · Accepted Answer

The Answer of Use the following to answer the questions below:
Data were collected on the mileage (in thousands of miles) and price (in thousands of dollars) of a random sample of used Hyundai Elantras. A scatterplot of the data (with regression line), some summary statistics, and partial computer output from a regression analysis are provided.
Use three decimal places when reporting the results from any calculations, unless otherwise specified.
 
-Use the following computer output to identify and interpret a 95% interval for the price of a single used Hyundai Elantra with 70,000 miles. 
A) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $3,440 and $11,347. 
B) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $3,440 and $11,347. 
C) We are 95% sure that the price of a single used Hyundai Elantra with 70,000 miles is between $6,593 and $8,193. 
D) We are 95% sure that the mean price of all used Hyundai Elantras with 70,000 miles is between $6,593 and $8,193.

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