Suppose That a Realtor Is Interested in Comparing the Price

Essay

Suppose that a realtor is interested in comparing the price of a starter home in two small cities.The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } & { \text { City A } } & \text { City B } \\\text { Sample Mean } & 86,900 & 84,000 \\\text { Sample Std Dev } & 2300 & 1750 \\\text { Sample Size } & 9 & 7\end{array}$$
-Calculate the 95% confidence interval for the difference in mean price.