Question
The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the
The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval.
$162,500
$279,900
$219,900
$143,000
$205,800
$184,000
$459,900
$192,000
$187,500
$278,000
$147,800
$264,900
Click the icon to view the table of areas under thet-distribution.
(a) Construct a 99% confidence interval with the outlier included.
$148,887, $305,313
(Round to the nearest integer asneeded.)
(b) Construct a 99% confidence interval with the outlier removed.
(______), (_________)
(Round to the nearest integer asneeded.)
I do have difficulty finding B could you please help.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started