Give an confidence interval for population mean home price

Reference no: EM131372371

According to Money, the average price of a home in Albuquerque is $165,000.

Suppose that the reported figure is a sample estimate based on 80 randomly chosen homes in this city, and that the population standard deviation was known to be $55,000. Give an 80% confidence interval for the population mean home price.

Reference no: EM131372371

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