You are looking to purchase a home in Lancaster, PA. In order to see what the average home will cost you decide to go to Zillow.com and look at the homes for sale. When you search for Lancaster, PA, you are presented with 210 different homes. Rather than finding the average of all 210 homes, you decide to randomly sample 35 homes and calculate the mean price and standard deviation.  What is the average cost of the 35 homes in Lancaster, PA, you randomly selected? What is the standard deviation of the cost of 35 homes in Lancaster, PA? Given that the population standard deviation for the cost of houses in Lancaster, PA, is $226,312.40, what is the EBM for the 90% confidence interval?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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You are looking to purchase a home in Lancaster, PA. In order to see what the average home will cost you decide to go to Zillow.com and look at the homes for sale. When you search for Lancaster, PA, you are presented with 210 different homes. Rather than finding the average of all 210 homes, you decide to randomly sample 35 homes and calculate the mean price and standard deviation. 

What is the average cost of the 35 homes in Lancaster, PA, you randomly selected?

What is the standard deviation of the cost of 35 homes in Lancaster, PA?

Given that the population standard deviation for the cost of houses in Lancaster, PA, is $226,312.40, what is the EBM for the 90% confidence interval?

 

House Numb Cost of House
$184,900
$220,000
$234,900
1
23456789012BH5旧ㄗ旧设20122232425672828301 32 33 34 35
$239,900
$249,900
$279,900
$289,900
$309,900
$335,000
$350,000
$359,900
$375,000
$415,000
$425,000
$429,736
$454,987
$474,736
$500,737
$526,237
$532,600
$540,720
$551,975
$565,740
$599,900
$603,973
$604,488
$622,987
$623,986
$699,000
$749,500
$749,900
$750,000
$849,000
$950,000
$1,050,000
Transcribed Image Text:House Numb Cost of House $184,900 $220,000 $234,900 1 23456789012BH5旧ㄗ旧设20122232425672828301 32 33 34 35 $239,900 $249,900 $279,900 $289,900 $309,900 $335,000 $350,000 $359,900 $375,000 $415,000 $425,000 $429,736 $454,987 $474,736 $500,737 $526,237 $532,600 $540,720 $551,975 $565,740 $599,900 $603,973 $604,488 $622,987 $623,986 $699,000 $749,500 $749,900 $750,000 $849,000 $950,000 $1,050,000
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