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- Fall 2021 Time Left:0:4:18 Jana Sakhnini: Attempt 1 Question 1 (2 points} When homeowners fail to make mortgage pavments, the bank forecloses and sells
- Fall 2021 Time Left:0:4:18 Jana Sakhnini: Attempt 1 Question 1 (2 points} When homeowners fail to make mortgage pavments, the bank forecloses and sells the home, often at a loss. In one large communitv. realtors randomlv sampled 31 bids from potential buvers Ea determine the average loss in home value. The sample showed that the average loss was $19,9UD. Losses are known to be normallv distributed with a standard deviation of $1,303. Answer the following questions in the blanks below based on this information. Calculate answers using Table 3 from the textbook - do not use R or another statistical software as answers mav not match up. Answer all questions with 2 decimal places, don't include number signs or commas. [2 pointsl culating the critical value ii.e. In\"), it the target probability falls hehveen When cal ctlv in the middle, roundup. two a values, pick the closer value. if it is era 1. What is the upper limit of an 90% confidence interval for the mean loss in home value? 2. What is the lower limit of an 9'996 confi home value? dence interval for the mean loss in Blank#1|"__ _ _ _]a; _ _ \\ Blank#2[__ J'i
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