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Good Morning, I need some help please. Suppose that a random sample of eleven recently sold houses in a certain city has a mean sales
Good Morning,
I need some help please.
Suppose that a random sample of eleven recently sold houses in a certain city has a mean sales price of $295,000, with a standard deviation of $10,000. Un the assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find lower limit and upper limit of the 95% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to the nearest whole number. (If necessary, consult a list of formulas.) Lower limit: $/ X 5 ? Upper limit: $Step by Step Solution
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