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The following table describes apartment rents ($) of 35 households.

425 Construct a 95% confidence interval estimate for apartment rents.


440 X bar, mean 490.14
450 sample size 35.00
465 Sample standard deviation 55.39
480 confidence coefficient 0.95
510 alpha 0.05
575
430 margin of error (using z-score, n>30) 18.35
440 lower limit 471.79
450 upper limit 508.49
440
450
465
480
510
570
615
470
490
525
580
510
575
430
440
450
440
450
465
480
510
570
615
470
490
mate for apartment rents.
490.14 Column1
35
55.3927914492293 Mean 490.14
0.95 Standard Error 9.36
0.05 Median 470.00
Mode 440.00
18.35 Standard Deviation 55.39
471.79 Sample Variance 3068.36
508.49 Kurtosis -0.20
Skewness 0.95
Range 190.00
Minimum 425.00
Maximum 615.00
Sum 17155.00
Count 35.00
Confidence Level(95.0%) 19.03
lower limit 471.11
upper limit 509.17

With 95% confidence, the average rents of apartment is between $471


Column1

Mean 490.14286
Standard Error 9.3630907
Median 470
Mode 440
Standard Deviati 55.392791
Sample Variance 3068.3613
Kurtosis -0.19509
Skewness 0.9544046
Range 190
Minimum 425
Maximum 615
Sum 17155
Count 35
Confidence Level 19.02809

ment is between $471 and $509.17.


The Luxury Hotel Guide
Index (2019) reported
what popular hotels
charge for hotel rooms
per night in in
Mandalay.The average
prices of hotel room for
31 four-star hotels are
as follows.

Construct a 95% confidence interval estimate.


Hotel Price
130 X bar, mean
141 sample size
133 Sample standard deviation
59 confidence coefficient
45 alpha
79
50 margin of error (using z-score, n>30)
41 lower limit
60 upper limit
65
100
180
67
50
41
60
65
100
180
67
84
66
180
67
50
180
67
50
41
60
65
nterval estimate. Column1

85 Mean 84.6129032258065
31 Standard Error 8.14936865677268
44.64 Median 66
0.95 Mode 50
0.05 Standard Deviation 45.3737643867429
Sample Variance 2058.77849462366
15.7127 Kurtosis 0.25496361751194
69 Skewness 1.2493748144809
100 Range 139
Minimum 41
Maximum 180
Sum 2623
Count 31
Confidence Level(95.0%) 16.6432311439715
lower limit 67.9697
upper limit 101.256

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