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A survey is conducted among first-time homebuyers to estimat…

Posted byAnonymous December 5, 2025

Questions

A survey is cоnducted аmоng first-time hоmebuyers to estimаte the аverage age at which individuals purchase their first home.For a sample of 15 first-time homebuyers, the following ages (in years) were recorded: 26.5 30.2 27.8 24.3 29.1 33.7 28.4 31.9 25.6 26.8 34.1 29.7 28.9 32.5 27.3 1.  Find the sample mean. Round to 2 decimal places: _______ 2. Find the sample standard deviation. Round to 4 decimal places: _______ 3. Fill in the formula blanks below with specific values for this problem (not symbols) to construct a 99% confidence interval. (a)  _______ (b)  _______ (c)  _______ (d)  _______ (e)  _______ (f)  _______ (g)  _______ (h)  _______ 4. Using the formula from part 3, calculate the 99% confidence interval.  Round each answer to the nearest hundredth (2 decimal places). _______ years to  _______  years. 5. Find the margin of error for this confidence interval. Do not round. _______

Tags: Accounting, Basic, qmb,

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