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The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval. Click the icon to view the table of areas under the t-distribution. (a) Construct a 99% confidence interval with the outlier included. ($154338, $ 310412) (Round to the nearest integer as needed.) (b) Construct a 99% confidence interval with the outlier removed. ($ 162166, $261215) (Round to the nearest integer as needed.) (c) Comment on the effect the outlier has on the confidence interval. O The outlier caused the width of the confidence interval to increase. The outlier had no effect on the width of the confidence interval. The outlier caused the width of the confidence interval to decrease. $459,900 $296,900 $183,500 $279,900 $219,900 $143,000 $205,800 $227,500 $171,900 $187,500 $147,800 $264,900 G

The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval. Click the icon to view the table of areas under the t-distribution. (a) Construct a 99% confidence interval with the outlier included. ($154338, $ 310412) (Round to the nearest integer as needed.) (b) Construct a 99% confidence interval with the outlier removed. ($ 162166, $261215) (Round to the nearest integer as needed.) (c) Comment on the effect the outlier has on the confidence interval. O The outlier caused the width of the confidence interval to increase. The outlier had no effect on the width of the confidence interval. The outlier caused the width of the confidence interval to decrease. $459,900 $296,900 $183,500 $279,900 $219,900 $143,000 $205,800 $227,500 $171,900 $187,500 $147,800 $264,900 G

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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K The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval. Click the icon to view the table of areas under the t-distribution. (a) Construct a 99% confidence interval with the outlier included. ($154338, $ 310412) (Round to the nearest integer as needed.) (b) Construct a 99% confidence interval with the outlier removed. ($ 162166, $ 261215) (Round to the nearest integer as needed.) (c) Comment on the effect the outlier has on the confidence interval. O The outlier caused the width of the confidence interval to increase. The outlier had no effect on the width of the confidence interval. The outlier caused the width of the confidence interval to decrease. $183,500 $279,900 $219,900 $143,000 $205,800 $227,500 $459,900 $171,900 $187,500 $296,900 $147,800 $264,900 Che No the Get $
Transcribed Image Text:K The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval. Click the icon to view the table of areas under the t-distribution. (a) Construct a 99% confidence interval with the outlier included. ($154338, $ 310412) (Round to the nearest integer as needed.) (b) Construct a 99% confidence interval with the outlier removed. ($ 162166, $ 261215) (Round to the nearest integer as needed.) (c) Comment on the effect the outlier has on the confidence interval. O The outlier caused the width of the confidence interval to increase. The outlier had no effect on the width of the confidence interval. The outlier caused the width of the confidence interval to decrease. $183,500 $279,900 $219,900 $143,000 $205,800 $227,500 $459,900 $171,900 $187,500 $296,900 $147,800 $264,900 Che No the Get $
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