You want to rent an unfurnished one-bedroom apartment in Dallas next year. The mean monthly rent for a random sample of 14 apartments advertised in the local newspaper is $980. Assume the monthly rents in Dallas follow a Normal distribution with a standard deviation of $295. Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community. (Round your answers to two decimal places.)

($825.47,$1134.53) is the required 95% confidence interval.

Step-by-step explanation:

We are given the following in the question:

Sample mean, = $980

Sample size, n = 14

Alpha, α = 0.05

Population standard deviation, σ = $295

95% Confidence interval:

Putting the values, we get,

($825.47,$1134.53) is the 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments.

answer: evaluate the objective function at each vertex to determine which - and -values, if any, maximize or minimize the function. example: find the minimum value and maximum value of the objective function f ( x , y ) = 4 x + 5 y , subject to the following constraints

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