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Find the 95% confidence interval for the population mean.

As part of a real estate company study, selling prices of 45 homes in a particular neighbourhood were gathered. The sample mean price was $244,000. Presume that the population standard deviation is known to be $38,500. Find a 95% confidence interval for the population mean selling price of all homes in this neighbourhood.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922124

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