Brett and Joey  wanted to estimate the average fee paid by new new home buyers for their initial home buying  consultations meeting.They surveyed  16 such people and got a mean of $65.50 what is the standard deviation of 8.6   1. Is sigma known or unknown? If it is distribution do we use : if not then which one? 2. What is the point eatimte for the population  mean? (Sample mean hint)

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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Brett and Joey  wanted to estimate the average fee paid by new new home buyers for their initial home buying  consultations meeting.They surveyed  16 such people and got a mean of $65.50 what is the standard deviation of 8.6

 

1. Is sigma known or unknown? If it is distribution do we use : if not then which one?

2. What is the point eatimte for the population  mean? (Sample mean hint)

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