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April 24, 2014

Homework Help: Probability & Statistics

Posted by James on Monday, July 9, 2012 at 10:12am.

You want to rent an unfurnished one-bedroom apartment in Boston next year. The mean monthly rent for a random sample of 14 apartments advertised in the local newspaper is $1200. Assume that the standard deviation is $230. Find a 95% confidence interval for the mean monthly rent for unfurnished one-bedroom apartments available for rent in this community.

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