9:354 .n '3' -' Done Homework 7 X Est. Length: 2:00:00 Kyle Jackson: Attempt 1 You are traCKIng Lnlpoue IVIeXIcan LJI'III'S stock price, attempting to figure out a good price point for entry into the market. You look at 36 random days over the course of a few months and see that the closing price has an average of $345.27 with a standard deviation of $19.53. You construct a 90% confidence interval for the average stock price to be (339.77, 350.77). Of the following choices, what is the appropriate interpretation of this interval? 0 1) We are 90% confident the average daily closing price for the days monitored is between $339.77 and $350.77. 0 2) We are 90% confident that the proportion of all days that have a closing price between $339.77 and $350.77 is 90% O 3) We are certain that 90% of the daily closing prices will be between $339.77 and $350.77. 0 4) We are 90% confident the average daily closing price for any day is Ann'sA 9:35 4 S Done Homework 7 X Est. Length: 2:00:00 Kyle Jackson: Attempt 1 nas an average Or $345.4/ with a standard deviation of $19.53. You construct a 90% confidence interval for the average stock price to be (339.77, 350.77). Of the following choices, what is the appropriate interpretation of this interval? O 1) We are 90% confident the average daily closing price for the days monitored is between $339.77 and $350.77. 2) We are 90% confident that the proportion of all days that have a closing price between $339.77 and $350.77 is 90% 3) We are certain that 90% of the daily closing prices will be between $339.77 and $350.77. O 4) We are 90% confident the average daily closing price for any day is between $339.77 and $350.77 ( 5) We cannot determine the proper interpretation of this interval