How much extra is having a waterfront property worth? A student took a random sample of 170

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How much extra is having a waterfront property worth? A student took a random sample of 170 recently sold properties in Upstate New York to examine the question. Here are her summaries and box plots of the two groups of prices:

Construct and interpret a 95% confidence interval for the mean additional amount that waterfront property is worth. (From technology, df = 105.48.)

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Stats Data and Models

ISBN: 978-0321986498

4th edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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Question Posted: Jan 20, 2016 06:12 AM

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How much extra is having a waterfront property worth? A student took a random sample of 170

Question:

Non-Waterfront Properties Waterfront Properties 100 70 $219,896.60 $319,906.40 5 $153,303.80 $94,627.15 800 600 400 200 Non-Waterfront Waterfront

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Independent groups assumption Since the 170 properties were randomly selected the gro...View the full answer

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