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The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 49 bid from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8929 with a standard deviation of $1171. Find a 99% confidence interval for the mean loss in value per home. (Round to the nearest whole number as needed.) AKKEID

The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 49 bid from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8929 with a standard deviation of $1171. Find a 99% confidence interval for the mean loss in value per home. (Round to the nearest whole number as needed.) AKKEID

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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The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 49 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8929 with a standard deviation of $1171. Find a 99% confidence interval for the mean loss in value per home. ($.$) (Round to the nearest whole number as needed.) OCEED
Transcribed Image Text:The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 49 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $8929 with a standard deviation of $1171. Find a 99% confidence interval for the mean loss in value per home. ($.$) (Round to the nearest whole number as needed.) OCEED
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