Question

1. you want to rent an unfurnished one - bedroom apartment in boston next year. the monthly rent for a simple random sample of 32 apartments advertised in the local newspaper is $1,400. assume that the standard deviation is known to be $220. how do you interpret a 99% confidence interval for the mean? (1 point) 99% of the intervals constructed using this process based on same - sized samples from this population will include the population mean. 99% of the intervals constructed using this process based on same - sized samples from this population will include the sample mean. 99% of the possible population means will be included by the interval. 99% of the possible sample means will be included by the interval.

Explanation:

Step1: Recall confidence - interval concept

A 99% confidence interval for the population mean implies that if we construct many (say, a large number of) same - sized samples from the population and construct 99% confidence intervals for each sample, about 99% of those intervals will contain the true population mean.

Step2: Analyze the given options

The correct interpretation is that 99% of the intervals constructed using this process based on same - sized samples from this population will include the population mean.

Answer:

99% of the intervals constructed using this process based on same - sized samples from this population will include the population mean.