Please answer the two questions based on the bronze, silver and gold package information below.

For your response posts to your peers, choose two different confidence intervals for your responses.

1. Do you think the agents would prefer a different confidence interval than their management?

2. What advantages and disadvantages would there be in having different confidence intervals for the agents? Explain your thought process and reasoning in your response.

B&K has hired your company to analyze the Northeast home listing prices in order to give information to their agents about the mean listing price at 95% confidence. Your company offers three analysis packages: one based on a sample size of 100 listings, one based on 1,000 listings, and another based on a sample size of 4,000 listings. Because there is an additional cost for data collection, your company charges more for the package with 4,000 listings than for the package with 100 listings.

Bronze Package - Sample size of 100 listings:

• 95% confidence interval for the mean of the Northeast house listing price has a margin of error of $24,500
• Cost for service to B&K: $2,000

Silver Package - Sample size of 1,000 listings:

• 95% confidence interval for the mean of the Northeast house listing price has a margin of error of $7,750
• Cost for service to B&K: $10,000

Gold Package - Sample size of 4,000 listings:

• 95% confidence interval for the mean of the Northeast house listing price has a margin of error of $3,900
• Cost for service to B&K: $25,000