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Confidence interval for population mean rent for los angeles

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Reference no: EM132168685

According to a survey performed by a real estate institute at USC, the sample mean rent in 2003 was $1,300 for Los Angeles County and$1,260 in Orange County. The survey sampled 250 rents in each county. The sample standard deviation in rents was $350 in Los Angeles County and $450 in Orange County.

a. Calculate a 95% confidence interval for the population mean rent for Los Angeles.

Reference no: EM132168685

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