Mobile Homes. According to the U.S. Census Bureau publication Manufactured Housing Statistics, the mean price of new mobile homes is $65,100. Assume a standard deviation of $7200. Let xdenote the mean price of a sample of new mobile homes. a. For samples of size 50, find the mean and standard deviation of x. Interpret your results in words. b. Repeat part (a) with n = 100.

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

a. For samples of size 50, find the mean and standard deviation of x. Interpret your results in words.

b. Repeat part (a) with n = 100.

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