You want to rent an unfurnished one-bedroom apartment in downtown San Diego next year. The mean...
You want to rent an unfurnished one-bedroom apartment in downtown San Diego next year. The mean monthly rent for a random sample of 100 apartments advertised on Craigslist is $1800. Assume a population standard deviation of $150. Find a confidence interval estimate for the population mean of rent for an unfurnished one-bedroom apartment in downtown San Diego.
1)Define the random variable X.
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The mean monthly rent for a random sample of 100 unfurnished one-bedroom apartment in downtown San Diego.
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The population mean of rent for an unfurnished one-bedroom apartment in downtown San Diego.
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the population standard deviation of rent for an unfurnished one-bedroom apartment in downtown San Diego.
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The monthly rent for an unfurnished one-bedroom apartment in downtown San Diego.
2)Define the random variable X ̅(X bar).
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The monthly rent for an unfurnished one-bedroom apartment in downtown San Diego.
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The population mean of the monthly rent for an unfurnished one-bedroom apartment in downtown San Diego.
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The population standard deviation of rent for an unfurnished one-bedroom apartment in downtown San Diego.
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The mean monthly rent for a random sample of 100 unfurnished one-bedroom apartment in downtown San Diego.
3) Find the z-score for a 95% confidence interval to two decimal places.
4)Find the margin of error (EBM) for a 95% confidence interval.
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