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The Real Estate Industry Claims That It Is the Best

Question 6

Multiple Choice

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 Ontario found that a 99% confidence interval for the proportion of homes that are sold by a real estate agent is 66% to 76%.Interpret the interval in this context.


A) If you sell a home in Ontario,you have an 71% ± 5% chance of using a real estate agent.
B) We are 99% confident that between 66% and 76% of homes in this survey are sold by a real estate agent.
C) In 99% of the years,between 66% and 76% of homes in Ontario are sold by a real estate agent.
D) 99% of all random samples of home sellers in Ontario will show that between 66% and 76% of homes are sold by a real estate agent.
E) We are 99% confident,based on this sample,that between 66% and 76% of all homes in Ontario are sold by a real estate agent.

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