As part of your presentation to city government officials (Google Slides - Part 2), state and interpret the 95% confidence interval for the mean apartment price in Melbourne. Additionally, make reference to any other statistics that you deem important in your own analysis of apartment prices. Review Chapter 8 of your text for reference on how to interpret the confidence interval. Make a recommendation to the city government leaders regarding the accuracy of the information that theresidentsprovided in light of your confidence interval and data.

Minimum:	247500
Mean:	637749.1667
Samp. Variance	88250054138
Samp.Stand. Dev:	297069.1067
Median	577500
Maximum	2205000
Q3	725250
n	300
S&L Left: 10^?	1
Q1:	445000
Box: No Outliers?	No
Confidence Level	95
Conf. Int. Lower	603996.6286
Conf. Int. Upper	671501.7048
H1: mu ? mu0	<
mu0	45
t	37.18111349
p-value	1
Other Statistics
Trimmed %	5
Trimmed Mean	616946.6783
x Value	0.8
Z-Score (x)	-2.146801375
Coeff of Var	1.200279219
Pop. Std. Dev.	296573.5782
Pop. Variance	87955887291
IQR	280250
Mode	500000
Sum	191324750
Sum of Squares	148403966062500
Skewness	2.169589156
Kurtosis	6.57867175
% for %tile	20
%tile	422000
Standard Error	17151.29287