Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Jan 2018 My Price 6.00

constructing additions

Because of uncertainty in real estate markets, many homeowners are considering remodeling and constructing additions rather than selling. Probably the most expensive room in the house to remodel is the kitchen, with an average cost of about $23,400. In terms of resale value, is remodeling the kitchen worth the cost? The following cost and resale figures are published by Remodeling magazine for 11 cities. Use these data to construct a 99% confidence interval for the difference between cost and added resale value of kitchen remodeling. Assume the differences are normally distributed in the population.

 

City

Cost

Resale

Atlanta

$20,427

$25,163

Boston

27,255

24,625

Des Moines

22,115

12,600

Kansas City, MO

23,256

24,588

Louisville

21,887

19,267

Portland, OR

24,255

20,150

Raleigh-Durham

19,852

22,500

Reno

23,624

16,667

Ridgewood, NJ

25,885

26,875

San Francisco

28,999

35,333

Tulsa

20,836

16,292

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jan 2018 09:01 PM My Price 6.00

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