Confidence interval for mean monthly rent


You want to rent unfurnished one-bedroom apartment in Dallas next year. The mean monthly rent for the random sample of 11 apartments advertised in local newspaper is $960. Suppose the monthly rents in Dallas follow Normal distribution with standard deviation of $280. Determine a 95% confidence interval for mean monthly rent for unfurnished one-bedroom apartments available for rent in this community. (Round your answers to two decimal places.)

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Basic Statistics: Confidence interval for mean monthly rent
Reference No:- TGS0856173

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