Which statement is a valid interpretation of the Bayesian 95% credible interval [0.076, 0.204] for the parking coefficient in Output 4.2?

Question

Answer

The parking coefficient is exactly 0.141 with probability 95%, since that is the posterior mean.

Answer

About 95% of the sampled apartments with parking rent for 7.6% to 20.4% more than those without.

Answer

Given the model, priors and data, there is a 95% probability the coefficient lies in this interval.

Answer

If the study were repeated many times, 95% of the apartments would have a parking effect in this interval.

Answer

The Frequentist confidence interval must be identical to this interval, because both use the same data.

Crowdly