A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is optimal to put their house on the market. Her realtor friend informs them that the last 18 houses that sold in their neighborhood took an average time of 100 days to sell. The realtor also tells them that based on her prior experience, the population standard deviation is 20 days. (You may find it useful to reference the z table.)

a. What assumption regarding the population is necessary for making an interval estimate for the population mean?

multiple choice
Assume that the central limit theorem applies.
Assume that the population has a normal distribution.


b. Construct the 99% confidence interval for the mean sale time for all homes in the neighborhood. (Round final answer to 2 decimal places.)

Answers

Answer 1

The 99% Confidence interval for the mean sale time for all homes in the neighborhood is:87.857, 112.143.

Confidence interval

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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Related Questions

Four times the sum of a number n plus 2 equals 3 times the sum of the number plus 5. What is n?

Equation:

n=

Answers

Answer:

nweoksowjxu928idvdiwd9w

4 (n + 2) = 3 (n + 5)
4n + 8 = 3n + 15
4n = 3n + 7
n = 7
Let’s check your answer...
4 (7+2) = 3 (7+5)
4x9 = 3x12
36 = 36
We have a winner!

3(2X+3)+2(3X+2)=9X+4

Answers

The answer to this is -3

Answer:59

Step-by-step explanation:

Round 30.425 to the nearest tenth.

Answers

Answer:

30.4

Step-by-step explanation:

30.425 rounded to the nearest tenth will be 30.4

When rounding to the nearest tenth, we have to see if the hundredths place and thousands place are 0.050 or greater.

If they are, then the tenths place will round up.

In this case, it is only 0.025, so we will keep the tenths place of 30.4

So, the answer is 30.4

please help 30 points !! in a proportional relationship when Y=2 when X=8 Which of the following equations would describe this relationship?

Answers

Answer:

(1)

Step-by-step explanation:

We will try:

(1) y = [tex]\frac{1}{4}[/tex]x => 2 = 2 (seems legit)

(2) y = 4x => 2 = 32 (nope)

(3) y = x - 6 => 2 = 2 (yes but actually no because it is proportional relationship)

(4) y = [tex]\frac{1}{2}[/tex]x - 2 => 2 = 2 (like the above)

What is the distance between point (-2,2) (4,4)

Answers

Answer:

6 and 2 thats the distance in between

Step-by-step explanation:

What is x. PLEASE HELP NEED ANSWERS NOW. M=​

Answers

2(6x+20) +2(8x-16)=180
12x+16x+40-32=180
28x+8=180
X=180-8/28=6
I think so my calculation may be wrong )

Elizabeth invested $67,000 in an account paying an interest rate of 4 %
compdunded annually. Aiden invested $67,000 in an account paying an interest rate
of 4 % compounded daily. After 6 years, how much more money would Elizabeth
have in her account than Aiden, to the nearest dollar?
o

Answers

Answer: $2066

Step-by-step explanation:

PLEASE HELP !! ILL GIVE BRAINLIEST *EXTRA POINTS*..
IM GIVING 40 POINTS !! DONT SKIP :((.

Answers

Answer:

14

Step-by-step explanation:

Answer is y =14/1 y=14x

A savings account earns 4% annual simple interest. The principal is $1,100. What is the balance after 5 years?

Answers

Answer:

$220

Step-by-step explanation:

4% of 1100=$44

$44 × 5 years=$220

Which of the following is equal to sin 8
A)sin 82
B)cos 8
C)cos82
D)sin98

Answers

Answer:

A

Step-by-step explanation:

sin 82 I think but i just try

If country A has 161,500 million more computers than country B and the total number of computers for both countries is 321,050 million, find the number of commuters for each country.
Country A has _ million computers and country B has _ million computers.

Answers

Answer:

b has 79,775 million

a has 241,275 million

Step-by-step explanation:

a has more than b

b+161,500 is a

b=b

b+b+161,500=321,050

2b=321,050-161,500

2b=159,550

b=159,550/2

b=79,775

a=b+161,500

a=79,775+161,500

a=241,275

Fill in the blanks in the double number-line below.

Answers

Answer:

1     2     3     4     5     6     7

8    16   24  32   40   48   56

Step-by-step explanation:

Hope this helps :)

24 28 52 hope it helps:)

There were 382 chairs in the music hall.Write a number greater than 382.

Answers

Answer:

383

Step-by-step explanation:

un terreno de forma triangular tiene 250 pies de base por 180 pies de altura Cuál es la magnitud de su área en metro​

Answers

[tex]\mathfrak{\huge{\orange{\underline{\underline{AnSwEr:-}}}}}[/tex]

Actually Welcome to the Concept of the Areas..

Bienvenidos al concepto de áreas.

Área de un triángulo = 1/2 * base * altura,

aquí, base = 250, altura = 180, así que obtenemos como

Área = 1/2 * 250 * 180

Área = 250 * 90

Área = 22,500 mtrs.

The magnitude of the area of the triangular piece of land is approximately 2,094.2 square meters.

What is a triangle?

A triangle is a 2-D figure with three sides and three angles.

The sum of the angles is 180 degrees.

We can have an obtuse triangle, an acute triangle, or a right triangle.

We have,

First, let's calculate the area of the triangular piece of land in square feet:

Area = (1/2) x base x height

Area = (1/2) x 250 ft x 180 ft

Area = 22,500 sq. ft

To convert this to square meters, we can use the conversion factor of 1 sq. ft = 0.092903 sq. m:

Area = 22,500 sq. ft x 0.092903 sq. m/sq. ft

Area ≈ 2,094.2 sq. m

Rounding to the nearest tenth of a square meter, we get:

Area ≈ 2,094.2 sq. m

Therefore,

The magnitude of the area of the triangular piece of land is approximately 2,094.2 square meters.

Learn more about triangles here:

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The complete question:

A triangular piece of land has a base of 250 feet by a height of 180 feet What is the magnitude of its area in meters​

What is the length of the missing leg in this right triangle?
A right triangle has a side with length 7 millimeters and hypotenuse with length 25 millimeters.
18 mm
24 mm
26 mm
32 mm

Answers

Answer:

24mm

Step-by-step explanation:

I did the test and got it right

hope this helps :)

Answer:

B)24mm

Step-by-step explanation:

got it right edge 2021

2. The rates of currency exchange published in the newspaper on a certain day showed that 12 pounds co
be exchanged for 96 dollars. How many dollars could be obtained for 102 pounds?
[2.5
CURRENCY URANG​

Answers

Answer:

Step-by-step explanation:

Your answer

816 dollars

Mark it as Brainlist answer. Follow me.

what is the variable in this expression 5x2+x+7?

Answers

Answer:

x

Step-by-step explanation:

Dagny Taggart has just purchased a home and taken out a $300,000 mortgage. The mortgage has a 25 year term with monthly payments and has an APR of 6% (monthly compounding). The total amount of interest that Dagny will pay during the first month of her mortgage is closest to:

a.
1923.24

b.
1816.93

c.
1500

d.
1485

Answers

Answer:

c.

1500

Step-by-step explanation:

The computation of the total amount of interest in first month is shown below:

Interest for first month is

= Mortgage amount × interest rate ÷ total number of months in a year

= $300,000 × 6% ÷ 12  

= $1,500

Hence, the interest in the first month is $1,500

Therefore the c option is correct

PLEASE PLEASE PLEASE PLEASE HELP!

Answers

Answer:

x=40°

Step-by-step explanation:

x=180-75-65=40°

$1 US is equivalent to about 6.56 Chinese yuan. A two-bedroom presidential suite on the top floor of a high-end hotel in Shanghai, China was listed at 25,000 yuan per night. What is the cost of this suite per night in US dollars?

Answers

Answer: About 3,811 US dollars.

Step-by-step explanation:

Divide 25,000 with 6.56. That equals about 3,811 US dollars.

hope this helps :)

Help me on question 5!!! Plsss

Answers

Answer:

The answer is C

Step-by-step explanation:

use an open circle for "less than" or "greater than"and a closed circle for "less than or equal to" or "greater than or equal to".

Can someone please help me on these four problems. The photo is linked above

Answers

1. SSS
2. SAS
4.SAS
i have no idea what 3 is

Answer:

Answer:

1. SSS

2. SAS, SSA

3. SAA

4. SAS, SSA

5. ASA

6. SAS

Thats all 6

What product is less than 99

Answers

Answer:

1

Step-by-step explanation:

Answer:

50

Step-by-step explanation:

A local hamburger shop sold a combined total of 718 hamburgers and cheeseburgers on Wednesday. There were 68 more cheeseburgers sold than hamburgers.
How many hamburgers were sold on Wednesday?

Answers

Answer:

i believe its 650 hamburgers


solve
y+ 5- y + 4 = ​

Answers

Answer:

9

Step-by-step explanation:

its 9 lol

Answer:

9

Step-by-step explanation:

Solve:

y-y= 0y or 0

5+4= 9

Hope this helps!

Sophia wants a video game. The one she wants costs $38. Sophia has saved $43 toward the video game. How much can Sophia spend and still afford the video game?

Answers

Answer:

She can spend $38 and have $5 left.

Step-by-step explanation:

$43 - $38 = $5. Therefore, she can afford the video game and have $5 left.

Answer:

$5

Step-by-step explanation:

Subtract 48 by 38

48 -  38

You are doing this because after you subtract the game cost from what she has at the moment she will have $5 so she can spend $5 and still get the video game.

Ayuden con la ecuación
[tex] \times + 15 = 51[/tex]

Answers

X=36 that’s what it gave to me
The answer is:


X= 36

Factor Method Lcm 20,25,30​

Answers

Answer:

The least common denominator for those three numbers would be 5.

Step-by-step explanation:

5x4=20

5x5=25

5x6=30

expand 3(n+6)
This for the test

Answers

Step-by-step explanation:

expanded = 3n + 18

plz mark my answer as brainlist plzzzz if you find it useful ☺️.

1. 25% of 300
2. 20% of what number is 50?
3. What percent of 120 is 40?
4. If 20% of 60 is 12. Which represent the percentage?
5. Which represent the base?​

Answers

Answer:

rawrrrrrr

Step-by-step explanation:

rawrrrrrrrrrrrrrrrr

1. 75
2. 250
3. 33.33
4. 20% I think?
5. I’m not sure
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