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(Solved): Russell is doing some research before buying his first house. He is looking at two different areas o ...



Russell is doing some research before buying his first house. He is looking at two different areas of the city, and he wants to know if there is a significant difference between the mean prices of homes in the two areas. For the 35 homes he samples in the first area, the mean home price is $183,100. Public records indicate that home prices in the first area have a population standard deviation of $21,505. For the 34 homes he samples in the second area, the mean home price is $197,000. Again, public records show that home prices in the second area have a population standard deviation of $25,275. Let Population 1 be homes in the first area and Population 2 be homes in the second area. Construct a 90% confidence interval for the true difference between the mean home prices in the two areas. Round the endpoints of the interval to the nearest whole number, if necessary.



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sample 1 sample 2 mean (x?) 183100 197000 population standard deviation (?) 21505 2527
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