6. An important factor in selling a residential property is the number of times real estate agents show a home. A sample

[answerhappygod]

6 An Important Factor In Selling A Residential Property Is The Number Of Times Real Estate Agents Show A Home A Sample 1 (74.73 KiB) Viewed 34 times

6. An important factor in selling a residential property is the number of times real estate agents show a home. A sample of 15 homes recently sold in the Buffalo, New York, area revealed the mean number of times a home was shown was 24, and the standard deviation of the sample was 5 people. a. What is the margin of error for a 98% confidence interval? b. What is the 98% confidence interval for the population mean and comment on your findings. c. A local realtor believes that the average number for the population mean was 30. Would that amount be reasonable? Why or why not? 7. Ms. Maria Wilson is considering running for mayor of Bear Gulch, Montana. Before completing the petitions, she decides to conduct a survey of voters in Bear Gulch. A sample of 400 voters reveals that 300 would support her in the November elections. a. Estimate the value of the population proportion. b. Develop a 99% confidence interval for the population proportion and interpret your findings. c. How many voters should she sample to have a margin of error of 3%?