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A realtor wants to estimate the mean price of houses in Mission Viejo, California. She collects a sample of 36 recent house sales (in $1,000s),
A realtor wants to estimate the mean price of houses in Mission Viejo, California. She collects a sample of 36 recent house sales (in $1,000s), a portion of which is shown in the accompanying table.Assume that the population standard deviation is 100 (in $1,000s).(You may find it useful to reference theztable.)
Prices (in $1,000s) |
---|
430 |
520 |
430 |
Click here for the Excel Data File a.Construct 95% and 98% confidence intervals for the mean price of all houses in Mission Viejo, CA.(Round final answers to nearest whole number.)