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Business, 27.02.2020 20:02 jonathanmagana112002

You are in the market for a new car. You want to check whether there is a significant difference between the fuel economy of mid-size domestic cars and mid-size import cars. You sample 22 domestic car makers and find an average fuel economy of 34.702 MPG with standard deviation of 4.718 MPG. For imports, you sample 10 cars and find an average MPG of 28.437 MPG with a standard deviation of 7.146. You use this information to calculate a 99 percentage interval for the difference in mean fuel economy of (0.435, 12.095). Of the following statements, what is the best interpretation of this interval?

1. We are 99% sure that the average difference in fuel economy of all domestic cars and all import cars is between 0.435 and 12.095.
2. We are 99% confident that the difference between the average fuel economy of all domestic mid-size cars and all import mid-size cars is between 0.435 and 12.095.
3. We are certain that the difference between the average fuel economy of all domestic mid-size cars and all import mid-size cars is between 0.435 and 12.095.
4. We do not know the population means so we do not have enough information to make an interpretation.
5. We are 99% confident that the difference between the average fuel economy of all domestic mid-size cars and all imports mid-size cars surveyed is between 0.435 and 12.095.

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