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Suppose that a random sample of fourteen recently sold houses in a certain city has a mean sales price of $295,000, with
Posted: Thu Jan 13, 2022 5:49 am
by answerhappygod
- Suppose That A Random Sample Of Fourteen Recently Sold Houses In A Certain City Has A Mean Sales Price Of 295 000 With 1 (24.71 KiB) Viewed 116 times
Suppose that a random sample of fourteen recently sold houses in a certain city has a mean sales price of $295,000, with a standard deviation of $8000. Under the assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find 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: s[] Upper limit: $0 Х 5 ?