Refer to the Real Estate DataSaskatoon online, which reports information on home listings. Consider this a population,
Question:
Refer to the Real Estate Data—Saskatoon online, which reports information on home listings. Consider this a population, and take a sample of 20 listings.
a. Develop a 90% confidence interval for the mean list price of the homes. Does the true population mean fall in the confidence interval?
b. Develop a 90% confidence interval for the mean number of square feet per home. Does the true population mean fall in the confidence interval?
c. Develop a 90% confidence interval for the proportion of homes that have less than two bedrooms. Does the true population proportion fall in the confidence interval?
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a List Price Mean 24183000 sample standard deviation 7271967 Confidence interval mean 90 confi...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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