Confidence interval for the mean loss in value per home


The housing market has recovered slowly from the eonomic crisis of 2008. Recently, in one large community, relators randomly sampled 56 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $7983 with a standard deviation of $842. Find a 95% confidence interval for the mean loss in value per home.

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Basic Statistics: Confidence interval for the mean loss in value per home
Reference No:- TGS0725707

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