A corporation that owns apartment complexes wishes to estimate the average length of time residents remain in the same apartment before moving out. A sample of 150 rental contracts gave a mean length of occupancy of 3.7 years with a standard deviation 1.2 years. Which one of the following is a 95% confidence interval for the mean length of occupancy of apartments owned by this corporation before the resident moves out? O (1.726, 5.674) O (1.348, 6.052) O (3.508, 3.892) O (3.539, 3.861)

MATLAB: An Introduction with Applications
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A corporation that owns apartment complexes wishes to estimate the average length of time
residents remain in the same apartment before moving out. A sample of 150 rental contracts gave a
mean length of occupancy of 3.7 years with a standard deviation 1.2 years. Which one of the
following is a 95% confidence interval for the mean length of occupancy of apartments owned by
this corporation before the resident moves out?
O (1.726, 5.674)
O (1.348, 6.052)
O (3.508, 3.892)
O (3.539, 3.861)
Transcribed Image Text:A corporation that owns apartment complexes wishes to estimate the average length of time residents remain in the same apartment before moving out. A sample of 150 rental contracts gave a mean length of occupancy of 3.7 years with a standard deviation 1.2 years. Which one of the following is a 95% confidence interval for the mean length of occupancy of apartments owned by this corporation before the resident moves out? O (1.726, 5.674) O (1.348, 6.052) O (3.508, 3.892) O (3.539, 3.861)
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