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 populationstandard deviation of all such prices is $6.6 thousand, that is, $6,600. Use the data to obtain a 99.7% confidence interval for the mean price of all new mobile homes.Click the icon to view a table of prices of new mobile homes.The 99.7% confidence interval is from $to $(Round to the nearest dollar as needed.)Prices of new mobile homesPrices ($1000s) of 36 Randomly Selected New Mobile Homes67.567.359.356.564.661.756.572.763.466.372.662.557.467.861.955.649.673.750.757.270.659.563.363.656.250.453.956.075.876.660.373.858.369.064.578.6

Solution-: Given: We find,99.7% C.I. for the meanFrom given data we get, A 99.7% C.I. for the population mean is, Where, (From Z-table) The required C.I. is The 99.7%C.I. is from $60 to $66

Answered: A government bureau publishes annual…

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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