Mathematics, 21.07.2020 21:01 jphan19
Mr. Zillow wants to research the prices in a Subdivision near Disney World called World of Homes. The prices of 14 homes in this subdivision are listed below. As a conclusion for his research, with a 90% confidence level, he prepares a report indicating the confidence interval for the mean prices of "World of Homes".
World of Homes Prices:
$225,000 $320,000 $219,000 $199,000 $275,000 $300,000 $215,000
$210,000 $307,000 $285,000 $317,000 $195,000 $205,000 $286,000
In his report for the mean prices of "World of Homes", he first presents the value of margin of error which is equal to ___ along with the value of degrees of freedom which is equal to ___.
Moreover, Mr. Zillow's report also indicates the mean prices of "World of Homes" with a lower limit of ___ and an upper limit of ___ with a confidence level of 90%.
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Mr. Zillow wants to research the prices in a Subdivision near Disney World called World of Homes. Th...
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