Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.2 - Assess Your Understanding - Applying the Concepts - Page 698: 17p

Answer

The price of the 52-inch Sharp 3D television, 2700 dollars, lies inside the 95% confidence interval found in the previous item: $2343.05\lt2700\lt2799.75$

Work Step by Step

Obs: although $2700\gt2561.4$, the predict the mean price of a 52-inch 3D television (item (n)), it can not be considered above the average price for 52-inch 3D televisions because 2700 is inside the given confidence interval.
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