| Topic | Statistics |
| Subject Area | Discussion assignment |
| Describe your task (TSE) | – |
| No.of pages/Word count | 1 page(s)/About275 Words or Fewer |
| Urgency | – |
| Academic Level | Undergraduate/Associate Degree |
| Citation Style | ————————— |
| Assignment Details | Formulate a recommendation and write a confidence statement assuming the sample mean house listing price is $310,000. Explain the factors that went into this decision- margin of error, sample size, confidence level. Which would they prefer? Why? What are the advantages and disadvantages of the different packages?
Real estate company hires you to analyze home listing prices of a region, you offer two packages: Package #1) sample size of 100 listings, 95% confidence interval with a margin of error of $25,000. You charge them $2,000 Package #2) sample size of 1,000 listings, 95% confidence interval with a margin of error of $8,000. You charge them $10,000 |
You Need a Professional Writer To Work On Your Paper?
