probability is about .95 that the 95% confidence interval will include the true population parameter. On the other hand, 2.5% of the time the highest value in the confidence interval will be smaller than the true value, while 2.5% of the time the smallest value in the confidence interval will be greater than the true value.
Set prices with room to move. Most people expect prices at garage sales to be just the starting price and are about 25% to 50% above the seller's (ie your) bottom-line price to allow for negotiating. The amount depends on the condition of the item and how much you are prepared to haggle.
Selling Tips. If youâre selling a home you can also choose to not use an agent. Pricing is the key to success if youâre selling a home on your own. You can hire an independent appraiser for around $200 to ensure youâre pricing the home correctly. How much money will you save?