Use the following to answer questions :
The following table lists the monthly incomes (in hundreds of dollars)and the monthly rents paid (in hundreds of dollars)by a sample of six families.
-What is the 99% confidence interval for the mean monthly rent of all families with a monthly income of $2500,rounded to the nearest penny?
Definitions:
Maturity Value
The amount payable to the investor at the end of a fixed term investment, including the principal and the interest.
Equal Payments
Recurrent payment amounts that are the same in total over a specified period, common in loans and amortizations.
Obligation
A duty or commitment to do something, such as repay a loan or fulfill a contract.
Financial Functions
Mathematical formulas used in finance to analyze and calculate financial figures such as interest rates, returns, payments, and the value of investments.
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