Purchase Solution

Confidence interval for mean

Not what you're looking for?

Ask Custom Question

Could you provide the excel spreadsheet so that I can input #s and find the lower limit and upper limit of the confidence interval.

A sample question is:

Suppose that a random sample of eleven recently sold houses in a certain city has mean sales price of $290,000, with a standard deviation of $7,000. Under the assumption that house prices are normally distributed , find a 95% confidence interval for the mean sales price of all houses in this community.

Purchase this Solution

Solution Summary

This solution gives the step by step method for computing confidence interval.

Purchase this Solution


Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.