Find the 95% confidence interval for the mean in Exercise 16. Is µ contained in the interval?…
Find the 95% confidence interval for the mean in Exercise 16. Is μ contained in the interval? Exercise 16. Home Closing Costs A real estate agent believes that the average closing cost of purchasing a new home is $6500 over the purchase price. She selects 40 new home sales at random and finds that the average closing costs are $6600. The standard deviation of the population is $120. Test her belief at α = 0.05. May 22 2022 02:49 PM
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