Jump to. ent Score: 412/1700 Resources Hint estion 10 of 17 a study to determine

Question

Jump to. ent Score: 412/1700 Resources Hint estion 10 of 17 a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income-and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± S22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. certain that the interval ($894.90, $939.10) contains the mearn monthly rental cost of

Explanation / Answer

Conclusion of the confidence interval:

Researcher are 95% confident that the interval ($894.90,

$939.10) contains the mean monthly rental cost of

rent-controlled apartments in the Bronx. (Ans).

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