Determining sampling distribution of sample mean

Reference no: EM1394500

The average price of a home is reported to be $203,190. Use this price as the population mean, and assume the population standard deviation is 43,890. What is the probability that the mean price for a sample of 18 homes is within 14,250 of the population mean?

Reference no: EM1394500

Questions Cloud

Draw the new budget line and use the indifference curve : Draw the new budget line and use the indifference curve to identify the change in quantity purchased and illustrate the income and substitution effects.

Explain the consolidated income statements : Changing specific subsidiaries comprising the group of companies for which consolidated financial statements are presented is an example of what type of accounting change, and what effect does it have on the consolidated income statements?

Choosing right sampling designs : A study to get a quick idea of the medical acceptability of a new aspirin substitute which cannot be dispensed over the counter without prescription.

Determine the map distance between genes : Suppose a cross has been made with maize between a plant with colored, nonshrunken kernals (C/C Sh/Sh) and a plant with colorless, shrunken kernels (c/c sh/sh).

Determining sampling distribution of sample mean : The average price of a home is reported to be $203,190. Use this price as the population mean, and assume the population standard deviation is 43,890.

Non-parametric test for a difference among the medians : Suppose that you wish to perform a nonparametric test for a difference among the medians of three or more independent populations. Which of these tests would be appropriate?

How china-s economic and military growth influence relations : As China's global influence increases, explain how China's economic and military growth, as well as its improved political influence, likely to influence China's relations with countries around world?

Map the gene order from the crosses : You have identified that flame wing (fw) is linked to blue eyes (be) and short legs (sl) on chromosome 2. You cross a fw, be, sl fly with flies containing various deletions within the 200 Kb.

Sample distribution for discrete random variables : A discrete random variable Y takes the value -1, 0 and 1 with probabilities 1/2θ, 1- θ and 1/2θ respectively. Let Y1 and Y2 be two independent random variables, each with the same distribution as Y.

User Account

All Pages