5. A study found that the average time it took a person to find their dream home was 5.9 months. If a sample of
36 people were surveyed, find the 95% confidence interval of the mean. Assume the standard deviation of
the population is 0.8 month.

The 95% confidence interval of the mean time it took a person to find their dream home is between 5.64 months and 6.16 months.

Step-by-step explanation:

We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:

Now, we have to find z in the Ztable as such z has a pvalue of .

So it is z with a pvalue of , so

Now, find the margin of error M as such

In which is the standard deviation of the population and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 5.9 - 0.26 = 5.64 months

The upper end of the interval is the sample mean added to M. So it is 5.9 + 0.26 = 6.16 months.

The 95% confidence interval of the mean time it took a person to find their dream home is between 5.64 months and 6.16 months.

each side has a different length.  

step-by-step explanation:

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