According to the U.S. Census Bureau, the mean price of new mobile homes is $65,100.  Assume a standard deviation of $7200.  Let  denote the mean sample price of a sample of new mobile homes. a) Identify the population and variable. b) For samples of size 50, find the mean and standard deviation of . Interpret your results in words. c) Repeat part (b) with n=100

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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According to the U.S. Census Bureau, the mean price of new mobile homes is $65,100.  Assume a standard deviation of $7200.  Let  denote the mean sample price of a sample of new mobile homes.

  1. a) Identify the population and variable.
  2. b) For samples of size 50, find the mean and standard deviation of . Interpret your results in words.
  3. c) Repeat part (b) with n=100
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