Confidence interval for the mean monthly rent

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Reference no: EM13102144

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Apartment rents. You want to rent an unfurnished one-bedroom apartment for next semester. You take a random sample of 10 apartments advertised in the local newspaper and record the rental rates. Here are the rents (in dollars per month)

650, 600, 505, 450, 550, 515, 495, 650, 395, 620

Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.

Reference no: EM13102144

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