[All Steps] Recently, the sample mean apartment rental rate of 85 randomly selected individuals in downtown Indianapolis was $855/month with a known standard
Question: Recently, the sample mean apartment rental rate of 85 randomly selected individuals in downtown Indianapolis was $855/month with a known standard deviation of $330.
- What is the standard error of the sample mean?
- What are the 95% confidence interval limits for the population mean apartment rental rate in Indianapolis?
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