Mathematics, 16.09.2021 06:50 marie1211
You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for a simple random sample of 32 apartments advertised in the local newspaper is $1,400 with a margin of error of ± $39.
a. Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.
b. Would listing your one-bedroom apartment in Boston for $1500 be an unfair price? Use your confidence interval to support your answer.
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You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for...
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