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The housing market in my area has seen a 12% trend downward in the average price. Further, the time to closing appears to have...Asked by Sam
The housing market in my area has seen a 12% trend downward in the average price. Further, the time to closing appears to have taken more time as compared to 3 years ago.
Here are the values for the average time to close for the houses in the area.
Mean = 22.3 weeks Std deviation = 5.5
Sampling 30 houses, and using a 95% confidence, would you expect the time to close to be 24 weeks?
Why or why not?
Here are the values for the average time to close for the houses in the area.
Mean = 22.3 weeks Std deviation = 5.5
Sampling 30 houses, and using a 95% confidence, would you expect the time to close to be 24 weeks?
Why or why not?
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