(Answered) You want to estimate the average property tax rate in a

Statistics

You want to estimate the average property tax rate in a town. You obtain a SRS of n = 40 homeowners and they provide you the estimated value of their home and their most recent property tax bill. From that you determine the sample mean property tax rate is and the sample standard deviation is 0.06. Construct a 90% confidence interval for the true mean property tax rate.

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