Question Completion Status Chance (1) - QUESTION 3 (Questions 3-10 use the following information) According to available

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Question Completion Status Chance (1) - QUESTION 3 (Questions 3-10 use the following information) According to available data, 254,000 new vehicles were sold in Massachusetts in 2020. A regional economist at the Boston Fed is able to obtain data on a random sample of 2,500 sales and finds that the sale prices in the sample average $38,500 with a standard deviation of $15,000, and that a histogram of these prices does not follow the normal curve. Nevertheless, she submits a staff memo estimating that the average price of all 254,000 Massachusetts new vehicles was around $38,500, give or take $300 or so. For each statement below choose whether the statement is true or false and explain why. (True/False) It is estimated that 68% of the 254,000 new vehicle sales in Massachusetts had a price between $38,500-$300-$38,200 and $38,500. $300 $38,800. True False QUESTION 4 Why? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial FREE x²x₂ ¶ ¶< 10pt - Click Save and Submit to save and submit. Click Save All Answers to save all answers. 3 AV 2 T 99 O MacBook Pro I. 田く ← FB1 Save
QUESTION S (True/False) An approximate 68% confidence interval for the average prices of all new vehicles sold in Massachusetts runs from $37,900 to $39.100. True False QUESTION 6 Why? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I Paragraph US Arial 동동 E 3 (1) X² X₂G >¶¶< 10pt - [+ Til Caus All Anners to save all answers. !!! L T EV A V "Qe NR V I 26 23 A WORDS YOUR 2 p
QUESTION 7 (True/False) if an analyst takes a simple random sample of 2,500 new car sales and goes one SE on either side of the average price of 2.500 sample sales, there is about a 68% chance that this interval wit include the average price of at 264,000 new cars sold in Massachusetts. O True False QUESTION 8 Why? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph F - तं (1) V X² X₂ e ** Arial G ¶ ¶< 10pt - +] < > V !!! V IT EV 99 A LV I. X B EBY 2 points EB B
QUESTION 9 (True/False) The normal curve can be used for confidence levels and intervale her even though the data does not follow the normal curve False QUESTION 10 Why? For the toolbar, press ALT+F10 (PC) or ALT EN FII(Mac). B S Paragraph Arial ET EB BEE तं (0) Y 10pt X²X₁ ¶T. 1 +1 D 4 ✓ T F 95 A V AU I. 22 田 K x 10 E 08 4 2-