4 The following is a simple random sample of monthly rents ($) for two-bedroom a

Question

4 The following is a simple random sample of monthly rents ($) for two-bedroom apartments in Marion County.

1400 600 1000 600 700 1200 1200 700

800 1400 1200 900 700 800 600 800

1200 1100 700 1300 1200 600 1300 600

800 700 1200 800 700 1200 600 1000

900 600 900 1200 600 1000 1000 600

1400 1300 1000 1200 700 1100 600 900

1300 600 1400 1200 1200 700 1000 1100

1000 600 1300 800 700 800 600 1200

1300 900 1100 900 1400 800 600 900

600 800 700 1200 1400 1300 600 600

700 700 1100 800 600 800 1200 700

1400 1100 1300 800 1300 1400 800 600

1200 800 700 1400 600 1200 900 1100

With a 95% confidence level, we expect the population mean to be within 4 The following is a simple random sample of monthly rents ($) for two-bedroom apartments in Marion County.

1400 600 1000 600 700 1200 1200 700

800 1400 1200 900 700 800 600 800

1200 1100 700 1300 1200 600 1300 600

800 700 1200 800 700 1200 600 1000

900 600 900 1200 600 1000 1000 600

1400 1300 1000 1200 700 1100 600 900

1300 600 1400 1200 1200 700 1000 1100

1000 600 1300 800 700 800 600 1200

1300 900 1100 900 1400 800 600 900

600 800 700 1200 1400 1300 600 600

700 700 1100 800 600 800 1200 700

1400 1100 1300 800 1300 1400 800 600

1200 800 700 1400 600 1200 900 1100

With a 95% confidence level, we expect the population mean to be within

Explanation / Answer

mean = 946.15

sd dev = 274.45

mean lies between mean +- ( 1.96 * 274.45 /sqrt(104)) = 52.75

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