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Author Question: A computer package was used to generate the following printout for estimating the sale price of ... (Read 62 times)

WhattoUnderstand

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on: Jan 16, 2020
A computer package was used to generate the following printout for estimating the sale price of condominiums in a particular neighborhood.

X = sale_price

SAMPLE MEAN OF X =46,500
SAMPLE STANDARD DEV =13,747
SAMPLE SIZE OF X =15
CONFIDENCE =99

UPPER LIMIT =57,066.70
SAMPLE MEAN OF X =46,500
LOWER LIMIT =35,933.30
What assumptions are necessary for any inferences derived from this printout to be valid?
◦ The population mean has an approximate normal distribution.
◦ The sample variance equals the population variance.
◦ The sample was randomly selected from an approximately normal population.
◦ All of these are necessary.
Statistics: Informed Decisions Using Data ¦ Sullivan ¦ 5th Edition
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Marked as best answer by WhattoUnderstand on Jan 16, 2020

shaikhs

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Reply #1 on: Jan 16, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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WhattoUnderstand

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Reply 2 on: Jan 16, 2020
Wow, this really help

tanna.moeller

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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