Suppose that a random sample of 17 recently sold houses in a certain city has a mean sales price of $300,000, with a sta

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Suppose that a random sample of 17 recently sold houses in a certain city has a mean sales price of $300,000, with a sta

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Suppose That A Random Sample Of 17 Recently Sold Houses In A Certain City Has A Mean Sales Price Of 300 000 With A Sta 1
Suppose That A Random Sample Of 17 Recently Sold Houses In A Certain City Has A Mean Sales Price Of 300 000 With A Sta 1 (23.09 KiB) Viewed 13 times
Suppose that a random sample of 17 recently sold houses in a certain city has a mean sales price of $300,000, with a standard deviation of $5000. Under the assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this city. Give the lower limit and upper limit of the 95% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to the nearest whole number. (If necessary, consult a list of formulas.) Lower limit: $ Upper limit: $ X C
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