Find the confidence interval for the population mean, Basic Statistics

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Find the confidence interval for the population mean

Find the 95% confidence interval for the population mean.

As part of a real estate company study, selling prices of 45 homes in a particular neighbourhood were gathered. The sample mean price was $244,000. Presume that the population standard deviation is known to be $38,500. Find a 95% confidence interval for the population mean selling price of all homes in this neighbourhood.

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Basic Statistics: Find the confidence interval for the population mean

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Basic Statistics: Find the confidence interval for the population mean

Reference No:- TGS022124

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Introduction to value chain

Q : Calculation of warranty expenses

Q : Illustrate what is the effect on the level of equilibrium

Q : Explain what would be the utility values for the amounts

Q : Find the confidence interval for the population mean

Q : Logistics associates to the concept of crm

Q : Find confidence interval for the mean amount by all groups

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find the confidence interval for the population mean

Reference No:- TGS022124

Recent Questions Asked Basic Statistics

Q : Introduction to value chain

Q : Calculation of warranty expenses

Q : Illustrate what is the effect on the level of equilibrium

Q : Explain what would be the utility values for the amounts

Q : Find the confidence interval for the population mean

Q : Logistics associates to the concept of crm

Q : Find confidence interval for the mean amount by all groups

Q : Concept of alignment in supply chain process

Q : Explain which decision should he make using utility approach

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