Russell is doing some research before buying his first house. He is looking at two different areas of the city, and he wants to know if there is a significant difference between the mean prices of homes in the two areas. For the 39 homes he samples in the first area, the mean home price is $176,400. Public records indicate that home prices in the first area have a population standard deviation of $32,930. For the 32 homes he samples in the second area, the mean home price is $181,500. Again, public records show that home prices in the second area have a population standard deviation of $23,835. Let Population 1 be homes in the first area and Population 2 be homes in the second area. Construct a 95% confidence interval for the true difference between the mean home prices in the two areas. Round the endpoints of the interval to the nearest whole number, if necessary. Lowest Endpoint = upper Endpoint=
Russell is doing some research before buying his first house. He is looking at two different areas of the city, and he wants to know if there is a significant difference between the mean prices of homes in the two areas. For the 39 homes he samples in the first area, the mean home price is $176,400. Public records indicate that home prices in the first area have a population standard deviation of $32,930. For the 32 homes he samples in the second area, the mean home price is $181,500. Again, public records show that home prices in the second area have a population standard deviation of $23,835. Let Population 1 be homes in the first area and Population 2 be homes in the second area. Construct a 95% confidence interval for the true difference between the mean home prices in the two areas. Round the endpoints of the interval to the nearest whole number, if necessary.
Lowest Endpoint =
upper Endpoint=
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