Apartment rental rates. you want to rent an unfurnished two-bedroom apartment in dallas next year. the mean monthly rent for a random sample of 10 apartments advertised in the local newspaper is $1050. assume that the monthly rents in dallas follow a normal distribution with a standard deviation of $220. find a 95% confidence interval for the mean monthly rent for unfurnished two-bedroom apartments available in dallas.

[$913.64, $1186.36]

Explanation:

Data provided in the question:

Sample size, n = 10 apartments

Mean monthly rent =  $1050

Standard deviation, s = $220

Confidence level = 95%

Now,

Confidence interval = Mean ±

here,

z = 1.96 for 95% confidence level from standard z table

thus,

Confidence interval = $1050 ±

or

Confidence interval = $1050 ± 136.36

or

Confidence interval = [$1050 - $136.36, $1050 + $136.36]

or

Confidence interval = [$913.64, $1186.36]

agriculture and oil. natural resources, industry.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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