We wish to estimate the mean price of all traditional houses in the Beachside region. Data - Traditional Houses ($000) Sample Standard Deviation Sample Mean Sample Size 22.5 676.7 54 Using the above output: 1. Describe the distribution of sample mean price of traditional houses in the Beachside region. ii. Calculate the 90% confidence interval estimate of the mean price of all traditional houses. iii. Explain, in plain language, the 90% confidence interval.

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