Use the Following to Answer Questions

question 74

Short Answer

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?

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Definitions:

Primary Demand

The demand for a product category as a whole, rather than for a specific brand within that category.

"Get Cracking"

An idiomatic expression encouraging someone to start or speed up their work.

Egg Farmers

Individuals or enterprises engaged in the business of producing and selling eggs for consumption.

Product Class

A category of goods or services that share similar characteristics, uses, or are targeted towards similar markets.