Part A: Organizing the Data
- Download the Mount Pleasent Ral Estate data set in chapter 9:
https://www.hawkeslearning.com/statistics/dbs2/datasets.html - for the variable List price, calculate the sample mean, the sample standard deviation, and the sample size for the three different subdivisions.(Carolina Park, Dunes West, and Park West) create a table to present the requested statistics in an organized manner. round to the nearest dollar for the sample standard deviation and the mean.
part b: creating the confidence intervals
- based on the data set and the information you have, determine which confidence interval you should use, a z or a t interval.
- find the critical value for a 95% confidence level for each subdivision for the variable list price. State your critical values.
- construct an interval to estimate the true average list price for each subdivision with 95% confidence.
