A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was taken of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Provide a 95% confidence interval estimate of the mean rent per month for the population of one-bedroom units within a half-mile of campus. We will assume this population to be normally distributed.

Question

Quizplus · Accepted Answer

The Answer of A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample was taken of 10 one-bedroom units within a half-mile of campus and the rents paid. The sample mean is $550 and the sample standard deviation is $60.05. Provide a 95% confidence interval estimate of the mean rent per month for the population of one-bedroom units within a half-mile of campus. We will assume this population to be normally distributed.

A Reporter for a Student Newspaper Is Writing an Article