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Mathematics, 30.03.2020 21:47 dondre54

In one community, a random sample of 26 foreclosed homes sold for an average of $443 comma 555 with a standard deviation of $195 comma 381. a) What assumptions and conditions must be checked before finding a confidence interval for the mean? How would you check them? b) Find a 95% confidence interval for the mean value per home. c) Interpret this interval and explain what 95% confidence means. d) Suppose nationally, the average foreclosed home sold for $300 comma 000. Do you think the average sale price in the sampled community differs significantly from the national average? Explain. c

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In one community, a random sample of 26 foreclosed homes sold for an average of $443 comma 555 with...
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