Question
In: Math
A A real estate agency wants to compare the appraised values of single-family homes in two...
A
- A real estate agency wants to compare the appraised values of single-family homes in two Black Hawks County communities. A random sample of 60 listings in Cedar Falls and 95 listings in Waterloo yields the following results (in thousands of dollars):
|
Appraised value |
Standard deviation |
|
|
Cedar Falls |
154.12 |
27.5 |
|
Waterloo |
138.74 |
21.8 |
- What is the 95% margin of error when estimating the mean appraised value of all single-family homes for Waterloo? _____
- A 95% confidence interval for the difference in mean appraised value of all single-family homes between Cedar Falls and Waterloo is ___________________
- A 99% confidence interval for the mean appraised value of all single-family homes for Cedar Falls is _______________
Solutions
milcah answered 9 months agoRelated Solutions
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A real estate agent claims that the mean living area of all single-family homes in their...
A real estate agent claims that the mean living area of all
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Joe entered into partnership with two others in the establishment of a real estate sales agency....
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equal partner with Sam and Harry. Unfortunately, Harry misused some
trust funds that had come into...
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2,801
2,383
2,451
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Nine homes are chosen at random from real estate listings in two suburban neighborhoods, and the...
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