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Consider the file data on Taxes that is included in worksheet P5 on the exam template. This data represents property taxes paid by 170 residents
Consider the file data on Taxes that is included in worksheet P5 on the exam template. This data represents property taxes paid by 170 residents that live in a small town. Total cost of property tax for each homeowner is in column c. Note there are 6 different neighborhoods in the small town; this is designated in column b. Assume this file to be the entire population of the small town. Answer the following questions : (15 pts) a) What are the 90% confidence interval values for the population data, the 170 residents? b) Using the data in part a, what sample size would be required to be 95% sure that the estimate is within $100 (that is UL - LLI = 100)? c) How would the sample size value change for a one sided interval (+$50) d) What are the 90% confidence intervals for the residents whom live in neighborhood 6
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