44. Typical prices of single-family homes in the state of Florida are shown for a sample of...
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44. Typical prices of single-family homes in the state of Florida are shown for a sample of 15 metropolitan areas (Naples Daily News, February 23, 2003). Data are in thousands of dollars.
a. Use a matched-sample analysis to develop a point estimate of the population mean one-year increase in the price of single-family homes in Florida.
b. Develop a 90% confidence interval estimate of the population mean one-year increase in the price of single-family homes in Florida.
c. What was the percentage increase over the one-year period?
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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9780324568608
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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