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mple standard deviation of $55. Let us provide a 95% confidence interval estimate of the mean rent per onth for the population of efficiency apartments within a half-mile of campus. We will assume this opulation to be normally distributed.

mple standard deviation of $55. Let us provide a 95% confidence interval estimate of the mean rent per onth for the population of efficiency apartments within a half-mile of campus. We will assume this opulation to be normally distributed.

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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A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample of 16 efficiency apartments within a half-mile of campus resulted in a sample mean of $650 per month and a sample standard deviation of $55. Let us provide a 95% confidence interval estimate of the mean rent per month for the population of efficiency apartments within a half-mile of campus. We will assume this population to be normally distributed.
Transcribed Image Text:A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample of 16 efficiency apartments within a half-mile of campus resulted in a sample mean of $650 per month and a sample standard deviation of $55. Let us provide a 95% confidence interval estimate of the mean rent per month for the population of efficiency apartments within a half-mile of campus. We will assume this population to be normally distributed.
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