Question: _ _ An analyst wishes to estimate the average house price to within an margin of error of $9,560. A pilot study of 150 houses

_ _ An analyst wishes to estimate the average house price to within an margin of error of $9,560. A pilot study of 150 houses produces a mean of $550,000 and a standard l_m deviation of $1 50,000. What is the required sample size? (You may use the value 1.96 in your calculation, rather than the value from the t(n-1) distribution.) 2 NB: thesolution mm = 1.96 U is\" = (196) 02 J? m Response Feedback: n should always be rounded up

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A simple wing section is completely idealised as shown below. The section consists of two flat spar webs and two curved skin panels. It is symmetric about a mid-plane running through the centre of...

just need help answering these. QUESTION 5 A researcher wishes to test the hypothesis H0: p = 17 using a sample with mean = 19.9, standard deviation :55 and n = 20. What is the test-statistic for...

An analyst wishes to estimate the average house price to within an margin of error of $10,000. A pilot study of 150 houses produces a mean of $550,000 and a standard deviation of $ 150.000. What is...

QUESTION 1 If it is known that a test statistic lies in the rejection region at the 5% level of significance, what must be true of the associated p-value based on the same null and alternative...

Njst need answers to these QUESTION 16 A sample are asked their gender, and to compare their internet shopping patterns in the last six months to a similar period one year ago. The resulting...

ethnicity region auckland sex agegrp under_25 qualification occupation hours incomeEuropean Auckland Auckland male 20 Under 25 school labourer 3 35 European Gisborne N on -Auckland male 60 Over 25...

369543_BST1034FQ.pdf X An owner of a restaurant has en + File C:/Users/elilmathiben/Downloads/369513_BST1034FQ.pdf Shopee Seller Centre Resume Builder Re... ST Opportunity for As... H!! Apps New lab...

IVC/Spring 2016/Econ 10/MGT 10/ Pehlivan/ Exam 2 Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)...

Average prices of standard-type apartments in Riga (EUR per sq.m.) - Average price per sq.m. Figure 1. Average prices of standard-type apartments in Riga from January 2004 to July 2007 Note that in...

You own a small storefront retail business and are interested in determining the average amount of money a typical customer spends per visit to your store. You take a random sample over the course of...

Set Student Name: 1. Answer true or false for each part, and if false, explain your answer. a. The point estimate for the population mean, , of an x distribution is x-bar, computed from a random...

Examine the diagram showing an a-helical protein structure in Section 2.13E. Between what specific atoms and of what functional groups are the hydrogen bonds formed that give the molecule its helical...

An industrial concern has experimented with several different mixtures of the four componentsmagnesium, sodium nitrate, strontium nitrate, and a binderthat comprise a rocket propellant. The company...

Karim and Alison are married, nonsmokers, in good health, and are both 5 3 years old. When they each apply for life insurance, Alison s premiums are slightly lower. Why could this be ?

3. Let z1 = 2+i and z2 = 1 i. Express each of the following complex numbers in the form x + yi, calculate its modulus, and find its conjugate. 1. 21 + 2z2 2. 2z1 3z2 3. Z122 4. Z2

2. Use the following information to find x and y. a. 2x 4i= 4 + 2yi - b. (x - y) + (x+y)i = 2-4i

1. Solve each of the following equations. a. z2 + z+1 = 0 b. z2 2z + 5 = 0 C. z2 8z + 25 = 0

7. Let 1 -1 A = 3 -3 2 1 1. Find the eigenvalues and eigenspaces of A. 2. Find an inverse matrix P and a diagonal matrix D such that A = PDP-1. 3. Compute A3 by using the result (2).

6. Let -2 A = 1 2 1 3 1. Find the eigenvalues and eigenspaces of A. 2. Find an inverse matrix P and a diagonal matrix D such that A = PDP-1. 3. Compute A? by using the result (2).

You have been hired as a consultant to perform a Strategic Analysis for the company, Dick's Sporting Goods. At this point in the analysis you are required to: Develop a SPACE Matrix for the company....

9. Take four examples from your own everyday life where someone has tried to influence you. Which of the seven influencing techniques mentioned above were used? Did they use any other influencing...

10. First test yourself and then let another member of the group test you in relation to the following questions. If deviations occur, discuss why this might be. What can the results of this test be...

5. Based on your desired future, answer the following questions: (a) What do you want, i.e. what goals have you set yourself? Set up three goals in order of priority. (b) Why do you want this? (c)...