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Suppose that a random sample of thirteen recently sold houses in a certain city has a mean sales price of $280,000 , with a standard
Suppose that a random sample of thirteen recently sold houses in a certain city has a mean sales price of
$280,000
, with a standard deviation of
$5000
. Under 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 the lower limit and upper limit of the
95%
confidence interval.
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