Estimate the average length of time residents

Reference no: EM131813410

Question: A corporation that owns apartment complexes wishes to estimate the average length of time residents remain in the same apartment before moving out. A sample of 150 rental contracts gave a mean length of occupancy of 3.7 years with standard deviation 1.2 years. Construct a 95% confidence interval for the mean length of occupancy of apartments owned by this corporation.

Reference no: EM131813410

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