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3. A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was selected of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Assume this population is normally distributed. What is the 95% confidence interval estimate of the mean rent per month for the population of one- bedroom units within a half-mile of campus? $487.05 to $612.95 $507.05 to $592.95 $477.05 to $622.95 $497.05 to $602.95

3. A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was selected of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Assume this population is normally distributed. What is the 95% confidence interval estimate of the mean rent per month for the population of one- bedroom units within a half-mile of campus? $487.05 to $612.95 $507.05 to $592.95 $477.05 to $622.95 $497.05 to $602.95

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was selected of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Assume this population is normally distributed. What is the 95% confidence interval estimate of the mean rent per month for the population of one- bedroom units within a half-mile of campus? $487.05 to $612.95 $507.05 to $592.95 $477.05 to $622.95 $497.05 to $602.95
Transcribed Image Text:3. A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was selected of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Assume this population is normally distributed. What is the 95% confidence interval estimate of the mean rent per month for the population of one- bedroom units within a half-mile of campus? $487.05 to $612.95 $507.05 to $592.95 $477.05 to $622.95 $497.05 to $602.95
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