You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for a random sample of 13 apartments advertised in the local newspaper is $1300. Assume that the standard deviation is $230. Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community. (Round your answers to two decimal places.)
($.......... , $...........) i tried $1161.00 , $1438.99 but not correct answers
You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent...
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. The mean monthly rent for a random sample of 100 unfurnished one-bedroom apartment in downtown San Diego. The...
You would like to rent an unfurnished one–bedroom apartment in Braamfontein, Johannesburg next year. The mean monthly rent for a random sample of 50 apartments advertised on Property24 is R2500: Assume that the population standard deviation is R600 and that the monthly rentals are normally distributed. Create a 90% confidence interval for the mean monthly rent.
Based on a random sample of one-bedroom apartments in Boston, the 95% confidence interval for the average monthly rent of all one-bedroom apartments in Boston is ($1700, $2000). (a) Give the margin-of-error in the study. (b) Is it possible that the average monthly rent of all one-bedroom apartments in Boston is $1600? (c) If there were more apartments in the sample, would the 95% confidence interval be longer, shorter or remain the same? (d) If the number of apartments in...
The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $ 2,636 . Assume the standard deviation is $500. A real estate firm samples 100 apartments. What is the probability that the average rent of the sample is more than $ 2,693?
3.11. A random sample of 10 different unfurnished 1-bedroom apartments off-campus yield an average monthly rent of $500 with standard deviation $100. A second sample of 10 2-bedroom apartments yield an average rent of $650 with standard deviation $100 a. Suppose that WMU students get a $20 discount on the monthly rent for all 1-bedroom apartments. The discounted monthly rent for the sample of 1-bedroom apartments should yield an average o with standard deviation b. Instead of a $20 discount,...
3.11. A random sample of 10 different unfurnished 1-bedroom apartments off-campus yield an average monthly rent of $500 with standard deviation $100. A second sample of 10 2-bedroom apartments yield an average rent of $650 with standard deviation $100 a. Suppose that WMU students get a $20 discount on the monthly rent for all 1-bedroom apartments. The discounted monthly rent for the sample of 1-bedroom apartments should yield an average o with standard deviation b. Instead of a $20 discount,...
3.11. A random sample of 10 different unfurnished 1-bedroom apartments off-campus yield an average monthly rent of $500 with standard deviation $100. A second sample of 10 2-bedroom apartments yield an average rent of $650 with standard deviation $100. a. Suppose that WMU students get a $20 discount on the monthly rent for all 1-bedroom apartments. The discounted monthly rent for the sample of 1-bedroom apartments should yield an average of with standard deviation . b. Instead of a $20...
In a certain section of Southern California, the distribution of monthly rent for a one-bedroom apartment has a mean of $2,100 and a standard deviation of $260. The distribution of the monthly rent does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 40 one-bedroom apartments and finding the mean to be at least $1,980 per month?
The Real Estate Group NY reports that the mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2554. Assume the standard deviation is $453. A real estate firm samples 96 apartments. What is the probability that the sample mean rent is less than $2,619.65?
In a certain section of Southern California, the distribution of monthly rent for a one-bedroom apartment has a mean of $2,175 and a standard deviation of $250. The distribution of the monthly rent does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 70 one-bedroom apartments and finding the mean to be at least $2,115 per month? (Round your z values to 2 decimal places and final answer to...