The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly
1 answer:
Answer:
Step-by-step explanation:
Given that the housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 38 bids from potential buyers to estimate the average loss in home value.
s = sample std deviation = 3000
Sample mean = 9379
Sample size n = 38
df = 37
Std error of sample mean =
confidence interval 95% = Mean ± t critical * std error
=Mean ±1.687*486.66 = Mean ±821.003
=(8557.997, 10200.003)
a) If std deviation changes to 9000 instead of 3000, margin of error becomes 3 times
Hence 2463.008
b) The more the std deviation the more the width of confidence interval.
You might be interested in
Suppose we have a generic polynomial of the form:
To know how many roots the polynomial can have, the first thing you should do is observe the term of greatest exponent.
For this case, the term of greatest exponent is 2.
Therefore, the polynomial has 2 roots.
Answer:
You must observe the term of the polynomial with greater exponent.
To know how many roots the polynomial can have, the first thing you should do is observe the term of greatest exponent.
For this case, the term of greatest exponent is 2.
Therefore, the polynomial has 2 roots.
Answer:
You must observe the term of the polynomial with greater exponent.