- 6 An Important Factor In Selling A Residential Property Is The Number Of Times Real Estate Agents Show A Home A Sample 1 (85.2 KiB) Viewed 39 times
6. An important factor in selling a residential property is the number of times real estate agents show a home. A sample
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6. An important factor in selling a residential property is the number of times real estate agents show a home. A sample
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?
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