Suppose that a random sample of 20 recently sold houses in a certain city has a mean sales price of $290,000, with a standard deviation of $5000. Under the assumption that house prices are normally distributed, find a 90% confidence interval for the mean sales price of all houses in this city. Give the lower limit and upper limit of the 90% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to the nearest whole number. (If necessary, consult a list of formulas.) Lower limit: $ Upper limit: $ X S ?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Suppose that a random sample of 20 recently sold houses in a certain city has a mean sales price of $290,000, with a standard deviation of $5000. Under the
assumption that house prices are normally distributed, find a 90% confidence interval for the mean sales price of all houses in this city. Give the lower limit and
upper limit of the 90% confidence interval.
Carry your intermediate computations to at least three decimal places. Round your answers to the nearest whole number. (If necessary, consult a list of
formulas.)
Lower limit: $
Upper limit: $
X S
?
Transcribed Image Text:Suppose that a random sample of 20 recently sold houses in a certain city has a mean sales price of $290,000, with a standard deviation of $5000. Under the assumption that house prices are normally distributed, find a 90% confidence interval for the mean sales price of all houses in this city. Give the lower limit and upper limit of the 90% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to the nearest whole number. (If necessary, consult a list of formulas.) Lower limit: $ Upper limit: $ X S ?
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