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Q4 (15 points) Random sample of 36 bids was used to estimate the average loss in home value. The sample showed the average loss from

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Q4 (15 points) Random sample of 36 bids was used to estimate the average loss in home value. The sample showed the average loss from the peak in 2008 was $9560 with a standard deviation of $1500. 1) Find a 95% confidence interval for the mean loss in value per home. 2) Interpret this interval and explain what 95% confidence means ? + Drag and drop your files or click to browse

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