{"id":18070,"date":"2021-11-23T19:26:26","date_gmt":"2021-11-23T19:26:26","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/the-real-estate-industry-claims-that-it-is-the-best-and-most\/"},"modified":"2021-11-23T19:26:26","modified_gmt":"2021-11-23T19:26:26","slug":"the-real-estate-industry-claims-that-it-is-the-best-and-most","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/the-real-estate-industry-claims-that-it-is-the-best-and-most\/","title":{"rendered":"The real estate industry claims that it is the best and most"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0<\/p>\n<p>The real estate industry claims that it is the best and most effective system to market residential real estate. A survey of randomly selected home sellers in Illinois found that a 95% confidence interval for the proportion of homes that are sold by a real estate agent is 69% to 81%. Four interpretations are offered below. Three are incorrect and one is correct. Find the three incorrect interpretations and explain the error in each of them.<\/p>\n<p>1. We are 95% confident, based on this sample, that between 69% and 81% of all homes in Illinois are sold by a real estate agent.<\/p>\n<p>2. We are 95% confident that between 69% and 81% of homes in this survey are sold by a real estate agent.<\/p>\n<p>3. 95% of all homes in Illinois are sold by a real estate agent.<\/p>\n<p>4. 95% of all random samples of home sellers in Illinois will show that between 69% and 81% of homes are sold by a real estate agent.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 The real estate industry claims that it is the best and most effective system to market residential real estate. A survey of randomly selected home sellers in Illinois found that a 95% confidence interval for the proportion of homes that are sold by a real estate agent is 69% to 81%. Four interpretations are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-18070","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/18070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=18070"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/18070\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=18070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=18070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=18070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}