A random sample of 5 homes in Newberry, Florida had a mean of $169,900 and a standard deviation of $21,756. Construct a 95% confidence interval for the average home of this size in Newberry.
A. (144885.25, 194914.75).
B. (150440.842, 189359.16).
C. (150830, 188969.98).
D. (142886, 196914).

Answers

Answer 1

Answer:

D. (142886, 196914).

Step-by-step explanation:

To solve for this question, we would use t score instead of z score. The reason is because, our sample size is small.

The formula for Confidence Interval =

C.I = Mean ± t score × standard deviation/√n

n = 5 samples

Degrees of freedom = n - 1 = 5 - 1 = 4

The t score for a 95% confidence interval with degrees of freedom 5 is : 2.776

Hence,

Confidence Interval =

169,900 ± 2.776 × 21,756/√5

169,900 ± 2.776 × 9.7295789837

169, 900 ± 27009.311259

Confidence Interval

169,900 - 27009

= 142886

169, 900 + 27009.311259

= 196914

Hence, the confidence interval = (142886, 196914)

Option D is the correct answer

Answer 2

Using the t-distribution, it is found that the 95% confidence interval for the average price of a home of this size in Newberry is of (142886, 196914), given by option D.

In this problem, we have the standard deviation for the sample, thus, the t-distribution is used to solve this question.

The sample mean is [tex]\overline{x} = 169900[/tex].The sample standard deviation is [tex]s = 21756[/tex].The sample size is [tex]n = 5[/tex]

First, we find the number of degrees of freedom, which is the sample size subtracted by 1, so df = 5 - 1 = 4.

Then, we find the critical value for the 95% confidence interval with 4 df, which looking at the t-table or using a calculator is given by t = 2.7765.

The margin of error is:

[tex]M = t\frac{s}{\sqrt{n}}[/tex]

In this case:

[tex]M = 2.7765\frac{21756}{\sqrt{5}} = 27014[/tex]

The confidence interval is:

[tex]\overline{x} \pm M[/tex]

Then

[tex]\overline{x} - M = 169900 - 27014 = 142,886[/tex].

[tex]\overline{x} + M = 169900 + 27014 = 196,914[/tex].

Thus, the correct option is D. (142886, 196914).

A similar problem is given at https://brainly.com/question/15180581


Related Questions

10 POINTS IF SOMEONE COULD HELP ME WITH THIS!! :(

Elevator 1 in a building moved from ground position to a final position of +16 feet. Elevator 2 in the same building moved from ground to a final position of –25 feet. Which statement best describes the final positions of these two elevators?

a) Elevator 1 is 16 feet below ground level, and elevator 2 is 25 feet above ground level.

b) Elevator 1 is 16 feet above ground level, and elevator 2 is 25 feet below ground level.

c) Elevator 1 is 16 feet above ground level, and Elevator 2 is 25 feet below the position of Elevator 1.

d) Elevator 1 is 16 feet below ground level, and Elevator 2 is 25 feet above the position of Elevator 1.

Answers

Answer:

Your answer is B) Elevator 1 is 16 feet above ground level, and elevator 2 is 25 feet below ground level.

Mark as brainliest if it's correct!

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Step-by-step explanation:

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Answers

Answer:

4.5 ounces of yellow and 7.5 ounces of blue will create 12 ounces of the perfect shade of green.

Step-by-step explanation:

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Answers

Answer:

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Answers

Answer:

1/4 en pedazos seria 1/4 en pedazos

Step-by-step explanation:

la pregunta no tiene sentido

Answer: La fracción un cuarto, escrita en símbolos como 1/4, significa "una pieza, donde se necesitan cuatro piezas para formar un todo". La fracción un cuarto, escrita en símbolos como 1/4, significa "una pieza, donde se necesitan 4 piezas para formar un todo".

Step-by-step explanation:

x-1/4(12-x)=x+3(4-x)-2x

A.) -20/7
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Answers

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Step-by-step explanation:

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Step-by-step explanation:

Answer:

1000

Is the answer I think

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Answer:

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Step-by-step explanation:

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Answers

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Answer:

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Step-by-step explanation:

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Answers

Answer:

$635.25

Step-by-step explanation:

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Answers

Answer:

$2.50

2015: $2.00

2000: $7.50

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2015: $9.00

2015: $6.50

2015: $4.50

2010

1. what is the percent of change in the cost of a pizza? _ a

x 150

100 1.50 p1500 750 1155oo.

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pi

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175

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Answers

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Answers

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Step-by-step explanation: no solution

Answer:

-4/7

Step-by-step explanation:

what number makes equation true enter the answer in the box
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Answer:

42

Step-by-step explanation:

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2E What is the greatest whole number less than 1000 that:
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(2) can be expressed as the sum of three consecutive whole numbers, and
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Answers

Answer:

(1) 499 and 500 are the greatest consecutive whole numbers whose sum is less than 1000.

(2) 332, 333 and 334 are the greatest consecutive whole numbers whose sum is less than 1000.

(3) 197, 198, 199, 200 and 201 are the greatest consecutive whole numbers whose sum is less than 1000.

Step-by-step explanation:

(1) Let be [tex]n \in \mathbb{Z}[/tex], such that:

[tex]n + (n+1) < 1000[/tex]

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Then we solve the inequation by algebraic means:

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[tex]n < 499.5[/tex]

Which means that greatest value of [tex]n[/tex] is 499. In consequence, 499 and 500 are the greatest consecutive whole numbers whose sum is less than 1000.

(2) Let be [tex]n \in \mathbb{Z}[/tex], such that:

[tex]n+(n+1)+(n+2) < 1000[/tex]

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Then we solve the inequation by algebraic means:

[tex]3\cdot n < 997[/tex]

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[tex]n < 332.333[/tex]

Which means that greatest value of [tex]n[/tex] is 332. In consequence, 332, 333 and 334 are the greatest consecutive whole numbers whose sum is less than 1000.

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[tex]5\cdot n + 10 < 1000[/tex] (Eq. 3)

Then we solve the inequation by algebraic means:

[tex]5\cdot n <990[/tex]

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[tex]n < 198[/tex]

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Answers

Answer:

60 questions in total

Step-by-step explanation:

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Answers

Answer:

27

Step-by-step explanation:

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Answers

Answer:

3/4   and  2/5 have a common denominator of 20, so re-write

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Step-by-step explanation:

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1 is the starting point since it is on the the axis.

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Answers

Answer:

B

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120/60=2

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What is an expression?

The mathematical expression is the combination of numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

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Given that you work in a hospital, instructions for an instrument state that it should be cleaned in the sterilizer for two hours.

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68 over 100 is what %

Answers

Answer: it should be 68%

I’m stuck on all of these
:( any help would be very appreciated

Answers

Answer:

1. 8x^3+6x^2+7

Step-by-step explanation:

What is the equation of the line? Identify the values of A, B, and C in the
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The equation of line is
____

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Answer:

-1

Step-by-step explanation:

Find the unit rate. Round to the nearest hundredth, if necessary.

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Answers

Answer:

18.89

Step-by-step explanation:

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18.888 to the nearest hundredth is 18.89

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Answers

If f(x) is a density function, then its integral over the entire real line should be 1:

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The serving size for toddlers daily vitamin C is 3/4 cup of orange juice if there are 21/4 cup of orange juice how many servings of vitamin C are there for a toddler

Answers

Answer:

3

Step-by-step explanation:

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