(Solved): In a recent survey, Playbill magazine is interested in the mean annual household income of its read ...

In a recent survey, Playbill magazine is interested in the mean annual household income of its readers. Assume this estimate is based on a sample of 80 households. A \( 95 \% \) confidence interval estimate for the income is \( [113200,125000] \). Which of the following provides a best interpretation? We are \( 95 \% \) confident that the population mean household income of all the readers is between 113200 and \( 125000 . \) The mesn household income of \( 95 \% \) of the sampled readers is between 113200 and \( 125000 . \) The mean househoid income of \( 95 \% \) of all readers is between 113200 and 125000 . We are \( 95 \% \) confident that the sample mean household income of the 80 readers is between 113200 and 125000 .