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Assessment records from 2017 indicate that the values of all homes in Knox County, Tennessee were normally distributed with a mean of $223,400. To check the for a change in assessment value, officials conducted a detailed appraisal of 25 homes selected at random, and found that the average value for the selected homes was $198,000 and a standard deviation of $75,000. Using t* = 1.711 for a 90% confidence interval, what is the margin of error for the interval? Report no decimals, round to nearest whole number (like 5,267)

Assessment records from 2017 indicate that the values of all homes in Knox County, Tennessee were normally distributed with a mean of $223,400. To check the for a change in assessment value, officials conducted a detailed appraisal of 25 homes selected at random, and found that the average value for the selected homes was $198,000 and a standard deviation of $75,000. Using t* = 1.711 for a 90% confidence interval, what is the margin of error for the interval? Report no decimals, round to nearest whole number (like 5,267)

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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Assessment records from 2017 indicate that the values of all homes in Knox County, Tennessee were normally distributed with a mean of $223,400. To check the for a change in assessment value, officials conducted a detailed appraisal of 25 homes selected at random, and found that the average value for the selected homes was $198,000 and a standard deviation of $75,000. Using t* = 1.711 for a 90% confidence interval, what is the margin of error for the interval? Report no decimals, round to nearest whole number (like 5,267)
Transcribed Image Text:Assessment records from 2017 indicate that the values of all homes in Knox County, Tennessee were normally distributed with a mean of $223,400. To check the for a change in assessment value, officials conducted a detailed appraisal of 25 homes selected at random, and found that the average value for the selected homes was $198,000 and a standard deviation of $75,000. Using t* = 1.711 for a 90% confidence interval, what is the margin of error for the interval? Report no decimals, round to nearest whole number (like 5,267)
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