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Author Question: The following random sample was selected from a normal population: 9, 11, 8, 10, 14, 8. Construct a ... (Read 78 times)

kaid0807

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Question 1

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.

X = sale_price

SAMPLE MEAN OF X =46300
SAMPLE STANDARD DEV =13747
SAMPLE SIZE OF X =25
CONFIDENCE =90

UPPER LIMIT =51003.90
SAMPLE MEAN OF X =46300
LOWER LIMIT =41596.10

A friend suggests that the mean sale price of homes in this neighborhood is $42,000. Comment on your friend's suggestion.

Question 2

The following random sample was selected from a normal population: 9, 11, 8, 10, 14, 8. Construct a 95% confidence interval for the population mean μ.


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Marked as best answer by kaid0807 on Feb 14, 2020

thall411

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kaid0807

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Reply 2 on: Feb 14, 2020
Excellent


softEldritch

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

 

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