The citizens for Fair Taxes are interested in the average property tax paid by the 2,000 residents

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The citizens for Fair Taxes are interested in the average property tax paid by the 2,000 residents of their city. A random sample of 50 of these households had a mean property tax of $1,472 with a standard deviation of $311

(a) Find an estimate of the variance of the sample mean.

(b) Find a 95 % confidence interval for the population.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:01 AM

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The citizens for Fair Taxes are interested in the average property tax paid by the 2,000 residents

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a Estimate of the Variance of the Sample Mean We can estimate the variance of the sample mean using ...View the full answer

Statistics For Business And Financial Economics

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