Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums
Need Help with some statistic questions.
- Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Interpret your results.
- Assume the branch manager requested estimates of the mean selling price of Gulf View condominiums with a margin of error of $40,000 and the mean selling price of No Gulf View condominiums with a margin of error of $15,000. Using 95% confidence, how large should the sample sizes be for each?
Based on data from attached Spreadsheet.