Question
The following data refers to the ages (in years) and prices (in thousands of dollars) of...
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The following data refers to the ages (in years) and prices (in thousands of dollars) of a random sample of 10 cars.
age x (in years)
5
9
16
2
3
2
3
16
8
10
price y (in $000's)
10
19
10
45
45
55
34
12
15
12
where x is the age of the car (in years) and y is the selling price (in thousands of dollars).
The 95% confidence interval for the average price of a 5-year-old car is closest to:
$3000 to $21,700
$3500 to $60,000
$8000 to $16,600
$22,400 to $41,000
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