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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.
Column1

Mean 490.14
Standard Error 9.36
Median 470.00
Mode 440.00
Standard Deviation 55.39
Sample Variance 3068.36
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


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.


Hotle Price
130
141
133
59
45
79
50
41
60
65
100
180
67
50
41
60
65
100
180
67
84
66
180
67
50
180
67
50
41
60
65

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