You randomly select 25 newly constructed houses. The sample mean construction cost is ($181,000) and the population

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You randomly select 25 newly constructed houses. The sample mean construction cost is $$181,000$ and the population standard deviation is $$28,000.$

Assuming construction costs are normally distributed, should you use the standard normal distribution, the t-distribution, or neither to construct a 95% confidence interval for the population mean construction cost? Explain your reasoning.

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Elementary Statistics Picturing The World

ISBN: 9781292260464

7th Global Edition

Authors: Betsy Farber, Ron Larson

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Question Posted: Apr 29, 2024 05:01 AM

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You randomly select 25 newly constructed houses. The sample mean construction cost is ($181,000) and the population

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Elementary Statistics Picturing The World

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