Question
In: Statistics and Probability
Recently, six single-family homes in San Luis Obispo County in California sold at the following prices...
Recently, six single-family homes in San Luis Obispo County in California sold at the following prices (in $1,000s): 633, 732, 738, 627, 804, 630. [You may find it useful to reference the t table.]
a. Construct the 90% confidence interval for the mean sale price in San Luis Obispo County. (Round intermediate calculations to at least 4 decimal places, "sample mean" and "sample standard deviation" to 2 decimal places. Round "t" value to 3 decimal places and final answers to 2 decimal places.)
b. What assumption have you made when constructing this confidence interval?
-
Single family homes in San Luis Obispo follow a normal distribution.
-
Single family homes in San Luis Obispo need not follow a normal distribution.
Solutions
orchestra answered 2 years agoRelated Solutions
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Metro Area
2012
2013
Metro Area
2012
2013
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226.5
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169.0
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311.5
332.2
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246.5
Chicago, IL
157.2
159.4
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216.7
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Square Footage
Selling Price
1746
129320
1764
97000
676
35000
2788
400000
1944
68000
1960
117000
1056
148400
1564
35000
1100
165000
1120
114480
4080
175000
1442
65000
1937
60000
1900
18000
1150
258000
1650
134800
1953
30000
2424
69100
512
63000
1540
82500
1200
50000
1316
37500
1840
69000
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270000
5000
485000
1564
27000
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