Calculate the margin of error for a 95% confidence interval for the mean
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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A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is optimal to put their house on the market. Her realtor friend informs them that the last 22 houses that sold in their neighborhood took an average time of 190 days to sell. The realtor also tell them that based on her prior experience, the population standard deviation is 72 days.
Calculate the margin of error for a 95% confidence interval for the mean.
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