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The housing market has recovered slowly from the economic crisis of 2008.​ Recently, in one large​...

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Statistics

The housing market has recovered slowly from the economic crisisof 2008.​ Recently, in one large​ community, realtors randomlysampled 2626 bids from potential buyers to estimate the averageloss in home value. The sample showed the average loss was​$87208720 with a standard deviation of ​$17551755. Complete partsa and b below.

​b) Find a 90​% confidence interval for the mean loss in valueper home.

​($nothing ​, $nothing​)

Answer & Explanation Solved by verified expert
3.8 Ratings (586 Votes)
Given that 8720s 1755n 26Degrees of freedom df n 1 26    See Answer
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