Question

4. In 2004, the population mean age of a person buying a second home as an investment rental property was 47.24 years. To determine if it is different now a random sample of 15 people who bought a second home as an investment rental property was taken and here is the data: 27, 35, 26, 41, 55, 72, 85, 36, 51, 45, 40, 31, 41, 42, 38 a) Test the claim that the population mean age is now different from 47.24 year using a 0.05 level of significance. b) Construct a 95% confidence interval for the population mean age for all persons buying a second home as an investment rental property.

          4. In 2004, the population mean age of a person buying a second home as an investment rental property was
47.24 years. To determine if it is different now a random sample of 15 people who bought a second home as
an investment rental property was taken and here is the data:
27, 35, 26, 41, 55, 72, 85, 36, 51, 45, 40, 31, 41, 42, 38
a) Test the claim that the population mean age is now different from 47.24 year using a 0.05 level of
significance.
b) Construct a 95% confidence interval for the population mean age for all persons buying a second
home as an investment rental property.

4. In 2004, the population mean age of a person buying a second home as an investment rental property was
47.24 years. To determine if it is different now a random sample of 15 people who bought a second home as
an investment rental property was taken and here is the data:
27, 35, 26, 41, 55, 72, 85, 36, 51, 45, 40, 31, 41, 42, 38
a) Test the claim that the population mean age is now different from 47.24 year using a 0.05 level of
significance.
b) Construct a 95% confidence interval for the population mean age for all persons buying a second
home as an investment rental property.

Added by Thomas L.

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