Question

ou have decided to find a new one-bedroom apartment to live in. You want to find an apartment no further than a 30 miles from EKU. Using Zillow you take a random sample of 61 apartments. The mean rent of the sample is 640 dollars and the standard deviation 55 dollars. You want to use 95% confidence interval for the mean monthly rent for one-bedroom apartments within 30 miles of EKU to get an idea of how much on average people spend. Confirm that the sample size is large enough, calculate a 95% confidence interval and interpret the interval. (Round your answer to 2 decimal places)

Answer 1

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Explanation: