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Author Question: A computer package was used to generate the following printout for estimating the sale price of ... (Read 121 times)

ashley

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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 =98

UPPER LIMIT =55,813.80
SAMPLE MEAN OF X =46,500
LOWER LIMIT =37,186.20

A friend suggests that the mean sale price of homes in this neighborhood is Comment on your friend's suggestion.
◦ Your friend is correct, and you are 98% certain.
◦ Your friend is correct, and you are 100% certain.
◦ Your friend is wrong, and you are 98% certain.
◦ Based on this printout, all you can say is that the mean sale price might be
Statistics: Informed Decisions Using Data ¦ Sullivan ¦ 5th Edition
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Marked as best answer by ashley on Jan 16, 2020

bookworm410

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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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ashley

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Reply 2 on: Jan 16, 2020
Thanks for the timely response, appreciate it

mammy1697

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

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