Suppose that a random sample of ten recently sold houses in a certain city has a mean sales price of $285,000, with a standard deviation of $5000. Unde assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find lower limit and upper limit of the 95% 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: S

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Confidence interval for the population mean: Use of the ...
Suppose that a random sample of ten recently sold houses in a certain city has a mean sales price of $285,000, with a standard deviation of $5000. Under the
assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find the
lower limit and upper limit of the 95% 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:S
Upper limit: S
||
Transcribed Image Text:Confidence interval for the population mean: Use of the ... Suppose that a random sample of ten recently sold houses in a certain city has a mean sales price of $285,000, with a standard deviation of $5000. Under the assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find the lower limit and upper limit of the 95% 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:S Upper limit: S ||
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