Question 34

A real estate agent wants to estimate the average selling price per acre of land in a certain city with 99% confidence. Using the data below, construct the appropriate interval for the average price of a 7 acre lot from this city. acre | sales price 7.4 | $12,675 9.4 | $13,806 3.9 | $8,717 6.9 | $10,432 8.7 | $14,189 1.7 | $11,038 8.0 | $13,187 5.4 | $10,826 8.9 | $17,579 8.0 | $14,355 6.1 | $11,057 1.4 | $9.263 $ 19 200 0107