The following data represent the asking price of a simple random sample of home
ID: 3437421 • Letter: T
Question
The following data represent the asking price of a simple random sample of home for sales. Construct a 99% confidence interval with and without the outlier included. Comment the effect the outlier has on the confidence interval.
Construct a 99% confidence interval with the outlier included
($____, $______)
(Round to the nearest integer as needed.)
219,500
The following data represent the asking price of a simple random sample of home for sales. Construct a 99% confidence interval with and without the outlier included. Comment the effect the outlier has on the confidence interval.
Construct a 99% confidence interval with the outlier included
($____, $______)
(Round to the nearest integer as needed.)
219,500
143,000 459,900 216,900 279,900 205,800 199,900 147,800 219,900 242,900 187,500 264,900Explanation / Answer
Observe the data and find that there are no outliers
Find mean and std dev
Total number =12
Mean = 232325
STd dev = 78883.45
Margin of error = ±58656
Conf interval = (173669.01 , 290980.99)
=(173669, 290981)
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