Concept explainers
To select the best option to find out a
Answer to Problem 26E
The option (b) is the correct option.
Explanation of Solution
In the question, appraised market price and the actual market price are compared and the computer output of the data is given. Thus, it is given in the question that,
The degrees of freedom is the
The critical t -value can be found in table B in the row of
Thus, the confidence interval is as:
We are
Thus, the option (b) is the correct option.
Chapter 12 Solutions
The Practice of Statistics for AP - 4th Edition
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Fundamentals of Statistics (5th Edition)
Statistics for Business and Economics (13th Edition)
Introductory Statistics (10th Edition)
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Introductory Statistics
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