The 99% Confidence interval for the mean sale time for all homes in the neighborhood is:87.857, 112.143.
<h3>Confidence interval</h3>
a. The assumption is: Assume that the population has a normal distribution.
The CI is exact for the normal populations and for small samples the z-interval method should be used in a situation where the variable is normally distributed.
b. Confidence interval:
CI=Sample mean±z-score×Standard deviation/√Size of the sample
CI=100-2.576×20/√18, 100+2.576×20/√18
CI=100-12.143, 100+12.143
CI=87.857, 112.143
Therefore the 99% Confidence interval is 87.857, 112.143.
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Answer
The answer for the question in (+/-) 1/8
Step-by-step explanation:
split the terms of 64
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