Find confidence interval for the mean monthly rent

Reference no: EM13151633

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. Assume the rental rates are normally distributed. Here are the rents (in dollars per month). 650, 595, 625, 395, 655, 380, 540, 325, 625, 365
Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.

Reference no: EM13151633

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