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 90% confidence interval for the proportion of homes that are sold by a real estate agent is 75% ± 6%.Explain why each of these conclusions is not correct.
a)Between 69% and 81% of all homes in Ontario are sold by a real estate agent.
b)90% of all random samples of home sellers in Ontario will show that 75% of homes are sold by a real estate agent.
c)90% of all random samples of home sellers in Ontario will show that 69% to 81% of homes are sold by a real estate agent.
d)We are 90% sure that between 69% and 81% of homes in this sample were sold by a real estate agent.

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The Answer of 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 90% confidence interval for the proportion of homes that are sold by a real estate agent is 75% ± 6%.Explain why each of these conclusions is not correct.
a)Between 69% and 81% of all homes in Ontario are sold by a real estate agent.
b)90% of all random samples of home sellers in Ontario will show that 75% of homes are sold by a real estate agent.
c)90% of all random samples of home sellers in Ontario will show that 69% to 81% of homes are sold by a real estate agent.
d)We are 90% sure that between 69% and 81% of homes in this sample were sold by a real estate agent.

The Real Estate Industry Claims That It Is the Best