Confidence interval for mean monthly rent


You want to rent unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for random sample of 12 apartments advertised in local newspaper is $1400. Suppose that the standard deviation is $260. Find a 95% confidence interval for the 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:- TGS0856197

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