In order to correctly assess property taxes in the state, New Jersey has decided to require that
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In order to correctly assess property taxes in the state, New Jersey has decided to require that all municipalities report the average home price in their districts.
From past years, one municipality estimates that the population standard deviation for its 2.500 homes is $51,721. If the town would like to produce a 95 % confidence interval with a level of precision of $10,000, how many homes should be sampled?
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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