Homework SourseA family is relocating from St Louis Missouri to California
A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is optimal to put their house on the market. They ask their realtor friend for help and she informs them that the last 24 houses that sold in their neighborhood took an average time of 135 days to sell. The realtor also tells them that based on her prior experience, the population standard deviation is 88 days.
Use Table 1. === http://lectures.mhhe.com/connect/0077639472/Table/table1.jpg
Construct a 90% confidence interval for the mean sale time for all homes in the neighborhood. (Round intermediate calculations to 4 decimal places, \"z\" value and final answer to 2 decimal places.)
| A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is optimal to put their house on the market. They ask their realtor friend for help and she informs them that the last 24 houses that sold in their neighborhood took an average time of 135 days to sell. The realtor also tells them that based on her prior experience, the population standard deviation is 88 days. Use Table 1. === http://lectures.mhhe.com/connect/0077639472/Table/table1.jpg |
Solution
