al estate agent needs to estimate the avérage Välue estate agent believes that property values are normally distributed. A random sample of size n=25 units gives a ple mean of 121,000 and sample standard deviation of 5,000. Give the 92-percent confidence interval for the age value of all properties of this kind: A: 121,000 2172 B: 121.000 1450 121,000 1828 D. 121,000 1612 E: 121,000 1318

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A real estate agent needs to estimate the average value of a residential property of a given size in a certain area. The
real estate agent believes that property values are normally distributed. A random sample of size n 25 units gives a
sample mean of 121,000 and sample standard deviation of 5,000. Give the 92-percent confidence interval for the
average value of all properties of this kind:
O A: 121,000 2172
B: 121,000 + 1450
OC 121,000 1828
D: 121,000 1612
E: 121,000 131s
Transcribed Image Text:A real estate agent needs to estimate the average value of a residential property of a given size in a certain area. The real estate agent believes that property values are normally distributed. A random sample of size n 25 units gives a sample mean of 121,000 and sample standard deviation of 5,000. Give the 92-percent confidence interval for the average value of all properties of this kind: O A: 121,000 2172 B: 121,000 + 1450 OC 121,000 1828 D: 121,000 1612 E: 121,000 131s
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