The following data are monthly rents (in dollars) of studio and one-bedroom apartments in Harrisburg, Pennsylvania, in 2007, obtained from a random sample of such apartments advertised at rent.com in July 2007:

500, 549, 569, 575, 585, 600, 630, 680, 705, 790

The mean of these ten rent prices is $618.3, and the standard deviation is $85.3.

**1. **Determine the *standard error *of the sample mean.

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**2. **Describe what the population mean µmeans in this context.

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**3. **Determine a 95% confidence interval for µ*.*

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**4. **Write a sentence interpreting what this interval means.

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**5. **Would you expect about 95% of the studio and one-bedroom apartments in Harrisburg in July 2007 to have a rent price within this interval? Explain.

Subject | Mathematics |

Due By (Pacific Time) | 07/27/2013 12:00 am |

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