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 t-distribution**

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 $5,000. 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: $ [input box]
- Upper limit: $ [input box]

Next to the input boxes, there are symbols that appear to represent actions or help: a circle with an "x" and a question mark, potentially indicating "clear" or "help" options.
Transcribed Image Text:**Confidence Interval for the Population Mean: Use of the t-distribution** 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 $5,000. 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: $ [input box] - Upper limit: $ [input box] Next to the input boxes, there are symbols that appear to represent actions or help: a circle with an "x" and a question mark, potentially indicating "clear" or "help" options.
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