3 Confidence Interval questions, statistics homework help
3 Confidence Interval questions, statistics homework help
I’ve attached the table of t-distribution areas to answer these questions.. (file opens via excel)
Thanks in advance to the person who is awarded this question.
The following data represent the asking price of a simple random sample of homes for sale. Construct a 99% confidence interval with and without the outlier included. Comment on the effect the outlier has on the confidence interval.
$183,000 $279,900 $219,900
$143,000 $205,800 $201,500
$459,900 $237,000 $187,500
$208,900 $147,800 $264,900
(a) Construct a 99% confidence interval with the outlier included.
($_, $_)
(Round to the nearest integer as needed.)
(b) Construct a 99% confidence interval with the outlier removed.
($_, $_)
(Round to the nearest integer as needed.)
(c) Comment on the effect the outlier has on the confidence interval.