A bank manager wants to know the mean amount of mortgage paid
per month by homeowners...
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A bank manager wants to know the mean amount of mortgage paidper month by homeowners in an area. A random sample of 114homeowners selected from this area showed that they pay an averageof $1579 per month for their mortgages. The population standarddeviation of such mortgages is $213.
Find a 95% confidence interval for the mean amount of mortgagepaid per month by all homeowners in this area.
Round your answers to two decimal places.
____to____Â Â dollars
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