A government bureau publishes annual price figures for new mobile homes. A simple random sample of 36 new mobile homes yielded the following​ prices, in thousands of dollars. Assume that the population standard deviation of all such prices is ​$8.4 ​thousand, that​ is, ​$8,400. Use the data to obtain a​ 99.7% confidence interval for the mean price of all new mobile homes. LOADING... Click the icon to view a table of prices of new mobile homes. The​ 99.7% confidence interval is from ​$nothing

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.