Question: For the confidence interval you found in Exercise 11, interpret this interval and explain what 95% confidence means in this context. Data From Exercise 11

For the confidence interval you found in Exercise 11, interpret this interval and explain what 95% confidence means in this context.

Data From Exercise 11

The housing market recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 36 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss from the peak in 2008 was $9560 with a standard deviation of $1500.

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