Percent confidence interval for the mean


Refer to the real estate data, which reports information on homes sold in the Goodyear, Arizona, area during the last year.

Price Bedrooms Size Pool Distance Twnship Garage Baths
263.1 4 2300 0 17 5 1 2
182.4 4 2100 1 19 4 0 2
242.1 3 2300 1 12 3 0 2
213.6 2 2200 1 16 2 0 2.5
139.9 2 2100 1 28 1 0 1.5
245.4 2 2100 0 12 1 1 2
327.2 6 2500 1 15 3 1 2
271.8 2 2100 1 9 2 1 2.5
221.1 3 2300 0 18 1 0 1.5
266.6 4 2400 1 13 4 1 2
292.4 4 2100 1 14 3 1 2
209 2 1700 1 8 4 1 1.5
270.8 6 2500 1 7 4 1 2
246.1 4 2100 1 18 3 1 2
194.4 2 2300 1 11 3 0 2
281.3 3 2100 1 16 2 1 2
172.7 4 2200 0 16 3 0 2
207.5 5 2300 0 21 4 0 2.5
198.9 3 2200 0 10 4 1 2
209.3 6 1900 0 15 4 1 2
252.3 4 2600 1 8 4 1 2
192.9 4 1900 0 14 2 1 2.5
209.3 5 2100 1 20 5 0 1.5
345.3 8 2600 1 9 4 1 2
326.3 6 2100 1 11 5 1 3
173.1 2 2200 0 21 5 1 1.5
187 2 1900 1 26 4 0 2
257.2 2 2100 1 9 4 1 2
233 3 2200 1 14 3 1 1.5
180.4 2 2000 1 11 5 0 2
234 2 1700 1 19 3 1 2
207.1 2 2000 1 11 5 1 2
247.7 5 2400 1 16 2 1 2
166.2 3 2000 0 16 2 1 2
177.1 2 1900 1 10 5 1 2
182.7 4 2000 0 14 4 0 2.5
216 4 2300 1 19 2 0 2
312.1 6 2600 1 7 5 1 2.5
199.8 3 2100 1 19 3 1 2
273.2 5 2200 1 16 2 1 3
206 3 2100 0 9 3 0 1.5
232.2 3 1900 0 16 1 1 1.5
198.3 4 2100 0 19 1 1 1.5
205.1 3 2000 0 20 4 0 2
175.6 4 2300 0 24 4 1 2
307.8 3 2400 0 21 2 1 3
269.2 5 2200 1 8 5 1 3
224.8 3 2200 1 17 1 1 2.5
171.6 3 2000 0 16 4 0 2
216.8 3 2200 1 15 1 1 2
192.6 6 2200 0 14 1 0 2
236.4 5 2200 1 20 3 1 2
172.4 3 2200 1 23 3 0 2
251.4 3 1900 1 12 2 1 2
246 6 2300 1 7 3 1 3
147.4 6 1700 0 12 1 0 2
176 4 2200 1 15 1 1 2
228.4 3 2300 1 17 5 1 1.5
166.5 3 1600 0 19 3 0 2.5
189.4 4 2200 1 24 1 1 2
312.1 7 2400 1 13 3 1 3
289.8 6 2000 1 21 3 1 3
269.9 5 2200 0 11 4 1 2.5
154.3 2 2000 1 13 2 0 2
222.1 2 2100 1 9 5 1 2
209.7 5 2200 0 13 2 1 2
190.9 3 2200 0 18 3 1 2
254.3 4 2500 0 15 3 1 2
207.5 3 2100 0 10 2 0 2
209.7 4 2200 0 19 2 1 2
294 2 2100 1 13 2 1 2.5
176.3 2 2000 0 17 3 0 2
294.3 7 2400 1 8 4 1 2
224 3 1900 0 6 1 1 2
125 2 1900 1 18 4 0 1.5
236.8 4 2600 0 17 5 1 2
164.1 4 2300 1 19 4 0 2
217.8 3 2500 1 12 3 0 2
192.2 2 2400 1 16 2 0 2.5
125.9 2 2400 1 28 1 0 1.5
220.9 2 2300 0 12 1 1 2
294.5 6 2700 1 15 3 1 2
244.6 2 2300 1 9 2 1 2.5
199 3 2500 0 18 1 0 1.5
240 4 2600 1 13 4 1 2
263.2 4 2300 1 14 3 1 2
188.1 2 1900 1 8 4 1 1.5
243.7 6 2700 1 7 4 1 2
221.5 4 2300 1 18 3 1 2
175 2 2500 1 11 3 0 2
253.2 3 2300 1 16 2 1 2
155.4 4 2400 0 16 3 0 2
186.7 5 2500 0 21 4 0 2.5
179 3 2400 0 10 4 1 2
188.3 6 2100 0 15 4 1 2
227.1 4 2900 1 8 4 1 2
173.6 4 2100 0 14 2 1 2.5
188.3 5 2300 1 20 5 0 1.5
310.8 8 2900 1 9 4 1 2
293.7 6 2400 1 11 5 1 3
179 3 2400 1 8 4 1 2
188.3 6 2100 0 14 2 1 2.5
227.1 4 2900 1 20 5 0 1.5
173.6 4 2100 1 9 4 1 2
188.3 5 2300 1 11 5 1 3

A. Develop a 95 percent confidence interval for the mean selling price of homes.

B. Develop a 95 percent confidence interval for the mean distance the home is from the center of the city.

C. Develop a 95 percent confidence interval for the proportion of homes with an attached garage.

D. To report your finding, write a business style memo to Gary Loftus, the president of the Goodyear Chamber of Commerce.

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Basic Statistics: Percent confidence interval for the mean
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