Suppose taxi fares from Logan Airport to downtown Boston is known to be normally distributed and a sample of seven taxi fares produces a mean fare of $16.51 and a 95% confidence interval of [$15.96, $17.04]. Which of the following statements is a valid interpretation of the confidence interval?? a. 95% of all taxi fares are between $14.77 and $16.23.
b. We are 95% confident that a randomly selected taxi fare will be between $14.77 and $16.23.
c. The mean amount of a taxi fare is $15.51, 95% of the time.
d. With 95% confidence, we can report that the average taxi fare between Logan Airport and downtown Boston will fall between $14.77 and $16.23.