Question: The data on monthly rents, in dollars, for independent random samples of newly completed apartments in the four U.S. regions are presented in the following

The data on monthly rents, in dollars, for independent random samples of newly completed apartments in the four U.S. regions are presented in the following table.
The data on monthly rents, in dollars, for independent random

a. Find and interpret a 95% confidence interval for the mean monthly rent of newly completed apartments in the Midwest.
b. Find and interpret a 95% confidence interval for the difference between the mean monthly rents of newly completed apartments in the Northeast and South.
c. What assumptions are you making in solving parts (a) and (b)?
Confidence Intervals in One-Way ANOVA. Assume that the conditions for one-way ANOVA are satisfied, and let s = ˆš MSE. Then we have the following confidence-interval formulas.
€¢ A (1 ˆ’ α)-level confidence interval for any particular population mean, say, μi, has endpoints

The data on monthly rents, in dollars, for independent random

€¢ A (1 ˆ’ α)-level confidence interval for the difference between any two particular population means, say, μi and μj, has endpoints

The data on monthly rents, in dollars, for independent random

In both formulas, df = n ˆ’ k, where, as usual, k denotes the number of populations and n denotes the total number of observations.

Northeast Midwst South West 891 1025 630 1012 861 1090 1005 898 948 1181 1244 870 748 699 814 1036 926 721 606 1269 -a2.sy(1/ni)+ (/nj).

Step by Step Solution

3.32 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

From Exercise 1355 MSE 17704 n 20 and k 4 We calculate s MSE 17704 133... View full answer

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

Document Format (1 attachment)

Word file Icon

503-M-S-V-A (918).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!