Suppose that a realtor is interested in comparing the price of a starter home in two small cities.The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r }
& { \text { City A } } & \text { City B } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Calculate the 95% confidence interval for the difference in mean price.

Question

Suppose that a realtor is interested in comparing the price of a starter home in two small cities.The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } 
&  { \text { City A } } & \text { City B } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Calculate the 95% confidence interval for the difference in mean price.

Quizplus · Accepted Answer

The Answer of Suppose that a realtor is interested in comparing the price of a starter home in two small cities.The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } 
&  { \text { City A } } & \text { City B } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Calculate the 95% confidence interval for the difference in mean price.

Suppose That a Realtor Is Interested in Comparing the Price