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The sales price (S) per square foot of a warehouse is strongly influenced by the truss height (fee), which from several warehouses and is provided below Truss Height 12 14 14 15 15 16 18-22 24-24 26 26 27 28 30 30 ines how high stored goods can be stacked. Truss heights and sales price per square foot were collected 35.53 37.82 36.90 40.00 38.00 37.50 41.05 48.50 47.50 46.20 50.35 49.13 48.07 0.90 S4.78 54.32 Price3 using your calculator and formulas provided in class. Round all answers to three decimal places he following expressions:
I. Estimate the mean sales price for all warehouses having a truss height of 25 feet and do so in a way that conveys information about the precision of the estimation. (i.e. find a 95% confidence interval for the mean sales price per square foot). Write a statement of explanation.
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