Confidence interval for the population mean-selling homes

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Reference no: EM1321869

To find a 95% confidence interval for the population mean.

As part of a real estate company study, the selling prices of 45 homes in a particular neighborhood were gathered. The sample mean price was $244,000. Assume that the population standard deviation is known to be $38,500. Find a 95% confidence interval for the population mean selling price of all homes in this neighborhood.

Reference no: EM1321869

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