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The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 27 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $9333 with a standard deviation of $1200. GHCKXHD Find a 99% confidence interval for the mean loss in value per home. (Round to the nearest whole number as needed.)

The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 27 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $9333 with a standard deviation of $1200. GHCKXHD Find a 99% confidence interval for the mean loss in value per home. (Round to the nearest whole number as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 27 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $9333 with a standard deviation of $1200. BLIXT Find a 99% confidence interval for the mean loss in value per home. ($ (Round to the nearest whole number as needed.)
Transcribed Image Text:The housing market has recovered slowly from the economic crisis of 2008. Recently, in one large community, realtors randomly sampled 27 bids from potential buyers to estimate the average loss in home value. The sample showed the average loss was $9333 with a standard deviation of $1200. BLIXT Find a 99% confidence interval for the mean loss in value per home. ($ (Round to the nearest whole number as needed.)
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