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Mathematics, 28.07.2020 20:01, marieminnerly1628
Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $21.51 and a 95% confidence interval of [$20.52, $22.48]. Which of the following statements is a valid interpretation of the confidence interval?
a. 95% of all taxi fares are between $20.52 and $22.48.
b. We are 95% confident that a randomly selected taxi fare will be between $20.52 and $22.48.
c. We can report that the average taxi fare between Logan Airport and downtown Boston will fall between $20.52 and $22.48.
d. With 95% confidence
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