A real estate agent wants to estimate the average age of those buying 33 29 49 4

Question

A real estate agent wants to estimate the average age of those buying 33 29 49 41 40 investment property in his area. He randomly selects 15 of his Clients who 48 61 46 47 39 purchased an investment property and obtains the data shown Use this information to answer the following questions 58 42 50 43 38 The buyer ages are approximately normally distributed and the sample does not contain any Construct a 95% confidence interval for the mean age for all the real estate agent's clients who purchased Investment property. ()(Use ascending order. Round to one decimal place as needed.)

Explanation / Answer

The statistical software output for this problem is:

One sample T confidence interval:
: Mean of variable

95% confidence interval results:

Hence,

95% confidence interval:

(39.5, 47.7)

Variable Sample Mean Std. Err. DF L. Limit U. Limit Var1 43.6 1.9143568 14 39.494113 47.705887

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