Average rent for rent-controlled apartments

Reference no: EM131019823

The city housing department wants to estimate the average rent for rent-controlled apartments. They need to determine the number of renters to include in the survey in order to estimate the average rent to within $50 using a 95% confidence interval. From past results, the rent for controlled apartments ranged from $200 to $1,500 per month. How many renters are needed in the survey to meet the requirements?

Reference no: EM131019823

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