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Mathematics, 01.07.2021 05:10 patelandrew816
An important factor in selling a residential property is the number of times real estate agents show a home. A sample of 15 homes recently sold in the Buffalo, New York, area revealed the mean number of times a home was shown was 24 and the standard deviation of the sample was 5 people.
a. What is the margin of error for a 98% confidence interval? (Round your answer to 3 decimal places.)
b. What is the 98% confidence interval for the population mean? (Use Student's t Distribution Table.) (Round your answers to 2 decimal places.)
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