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You want to rent an unfurnished one-bedroom apartment for next semester. You take a random sample...

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Statistics

You want to rent an unfurnished one-bedroom apartment for nextsemester. You take a random sample of 10 apartments advertised inthe local newspaper and record the rental rates. Here are the rents(in dollars per month). 455, 615, 305, 335, 510, 650, 590, 660,675, 425

Find a 95% confidence interval for the mean monthly rent forunfurnished one-bedroom apartments available for rent in thiscommunity.

Answer & Explanation Solved by verified expert
3.6 Ratings (349 Votes)
SolutionGiven thatThe sample mean is Mean x n 455615305335510650590660675425 10 5220 10 522Mean 522Sample standard    See Answer
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