Assume that the price of housing in corpus christi is, Business Economics

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Assume that the price of housing in corpus christi is

Assume that the price of housing in Corpus Christi is normally distributed. Based on our random sample of 23 houses we surveyed, we calculated that x = $299,756.2 with the standard deviation s = 107.11. If we know that the population mean, mu = 299,710.5. Calculate the 99 percent confidence interval; does the confidence interval include the population mean?

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Business Economics: Assume that the price of housing in corpus christi is

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Business Economics: Assume that the price of housing in corpus christi is

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