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You are trying to determine the average house price in your neighbourhood of 150 households. in order to determine this, you obtain the following simple
You are trying to determine the average house price in your neighbourhood of 150 households. in order to determine this, you obtain the following simple random sample.
Sample of House prices in $1000s of dollars | ||||
677 | 695 | 806 | 1011 | 564 |
1156 | 399 | 772 | 630 | 1114 |
1144 | 507 | 516 | 613 | 706 |
877 | 1146 | 656 | 753 | 548 |
445 | 579 | 500 | 581 | 664 |
826 | 956 | 1146 | 680 | 886 |
746 | 1146 | 481 | 747 | 477 |
- Would systematic random sampling be appropriate in this case? Why or why not?
- Compute a 80% confidence interval around the sample mean.
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