Is there a difference between the means of occupancy rates in
May and August? Answer your...
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Advance Math
Is there a difference between the means of occupancy rates inMay and August? Answer your question by calculating an approximateand appropriate symmetric 95% confidence interval using a Zstatistic. Explain your findings
OR_MAY
OR_AUG
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Answer & Explanation
Solved by verified expert
4.0 Ratings (424 Votes)
Since the formula to find Confidence Interval of a sample isgiven by where for 95 confidence interval is the sample mean and is the standard deviation of the given sample So let us first calculate standard deviation of the given sample which is given by We have for data of month May Mean 5405 Therefore we have
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