subject
Mathematics, 12.04.2021 19:40 tookie6208

You want to estimate the average price of a home in your city. You know that the standard deviation in prices is $80,000. You take a simple random sample of 40 homes and compute a sample mean of $288,000. 1. Find a 95% confidence interval for the population mean. 2. How many homes would you need to sample to get a margin of error of less than $8000.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 20:50
An automobile assembly line operation has a scheduled mean completion time, μ, of 12 minutes. the standard deviation of completion times is 1.6 minutes. it is claimed that, under new management, the mean completion time has decreased. to test this claim, a random sample of 33 completion times under new management was taken. the sample had a mean of 11.2 minutes. assume that the population is normally distributed. can we support, at the 0.05 level of significance, the claim that the mean completion time has decreased under new management? assume that the standard deviation of completion times has not changed.
Answers: 3
question
Mathematics, 22.06.2019 00:00
This circle is centered at the origin, and the length of its radius is 6. what is the circle's equation? a. x^2+y^2=36 b x^2+y^2=6 c x+y=36 d x^6+y^6=1
Answers: 2
question
Mathematics, 22.06.2019 00:30
Which graph of a hyperbola represents the equation 16x^2-y^2=16
Answers: 1
question
Mathematics, 22.06.2019 04:30
Jocelyn estimates that a piece of wood measures 5.5 cm. if it actually measures 5.62 cm, what is the percent error of jocelyn’s estimate? a. 2.13% b. 2.18% c. 12%
Answers: 1
You know the right answer?
You want to estimate the average price of a home in your city. You know that the standard deviation...
Questions
question
Mathematics, 07.04.2021 01:10
question
Mathematics, 07.04.2021 01:10
question
Chemistry, 07.04.2021 01:10
question
Mathematics, 07.04.2021 01:10
Questions on the website: 13722360