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A bank manager wants to know the mean amount of mortgage paid per month by homeowners in an area. A random sample of119 homeowners selected
A bank manager wants to know the mean amount of mortgage paid per month by homeowners in an area. A random sample of119
homeowners selected from this area showed that they pay an average of$1570 per month for their mortgages. The population standard deviation of such mortgages is$216
.
a.Find a95%confidence interval for the mean amount of mortgage paid per month by all homeowners in this area.
Round your answers to two decimal places.
to dollars
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