A real estate agent has collected a random sample of 75 houses that were recently...
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Accounting
A real estate agent has collected a random sample of 75 houses that were recently sold in a suburban community. She is particularly interested in comparing the appraised value and recent selling price of the houses in this particular market. Using this sample data below, find a 95% confidence interval for the mean difference between the appraised values and selling prices of the houses sold in this suburban community. Interpret the confidence interval for the real estate agent.
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House
Value
Price
1
119.37
121.87
2
148.93
150.25
3
130.39
122.78
4
135.70
144.35
5
126.30
116.20
6
137.08
139.49
7
123.49
115.73
8
150.83
140.59
9
123.48
120.29
10
132.05
147.25
11
148.21
152.26
12
139.53
144.80
13
114.34
107.06
14
140.04
147.47
15
136.01
135.12
16
140.93
140.24
17
132.42
129.89
18
118.30
121.14
19
122.14
111.23
20
149.82
145.14
21
128.91
139.01
22
134.61
129.34
23
121.99
113.61
24
150.50
141.05
25
142.87
152.90
26
155.55
157.79
27
128.50
135.57
28
143.36
151.99
29
119.65
120.53
30
122.57
118.64
31
145.27
149.51
32
149.73
146.86
33
147.70
143.88
34
117.53
118.52
35
140.13
146.07
36
136.57
135.35
37
130.44
121.54
38
118.13
132.98
39
130.98
147.53
40
131.33
128.49
41
141.10
141.93
42
117.87
123.55
43
160.58
162.03
44
151.10
157.39
45
120.15
114.55
46
133.17
139.54
47
140.16
149.92
48
124.56
122.08
49
127.97
136.51
50
101.93
109.41
51
131.47
127.29
52
121.27
120.45
53
143.55
151.96
54
136.89
132.54
55
106.11
114.33
56
137.54
141.32
57
134.33
83.76
58
127.59
118.20
59
137.44
140.20
60
114.09
113.55
61
145.46
156.52
62
141.90
137.35
63
116.34
110.61
64
149.20
153.69
65
141.81
153.33
66
116.44
111.95
67
137.74
143.46
68
144.70
142.13
69
149.66
155.46
70
118.17
135.44
71
137.66
127.30
72
119.70
113.77
73
143.12
141.11
74
129.91
130.08
75
141.78
139.35
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