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Assume that the unadjusted 95% confidence interval for the mean weekly rental price in Perth has been calculated as ($463.5, $495.22). An analyst is wondering
Assume that the unadjusted 95% confidence interval for the mean weekly rental price in Perth has been calculated as ($463.5, $495.22). An analyst is wondering if there was significant evidence that the mean weekly rental price in Perth is different from $470. Just using the confidence interval, what would be the correct conclusion be (use a = 0.05)? O a. The majority of the confidence interval is greater than $470, so there is significant evidence that #, > 470. O b. Since $470 is within the confidence interval, there is significant evidence that # , is different from $470. jo c. Since $470 is within the confidence interval, there is no significant evidence that , is different from $470. O d. We have only been provided with a confidence interval, so cannot make this type of conclusion
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