Solution-Would it be reasonable to conclude that the

Would it be reasonable to conclude that the population mean

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As part of their business promotional package, the Milwaukee Chamber of Commerce would like an estimate of the mean cost per month of a one-bedroom apartment. A random sample of 40 apartments currently available for lease showed the mean cost per month was $323. The standard deviation of the sample was $25.

a. Develop a 98 percent confidence interval for the population mean.

b. Would it be reasonable to conclude that the population mean is $350 per month?

Reference no: EM13879988

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Would it be reasonable to conclude that the population mean

Reference no: EM13879988

Reference no: EM13879988

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