Find the value of the standardized statistic for sample mean

Assignment Help Basic Statistics

Reference no: EM131417027

Home prices in a city have mean μ = $200,000 and standard deviation σ = $25,000. For n = 25 randomly selected homes, the mean price is x‾ = $208,000. Find the value of the standardized statistic (z-score) for this sample mean.

Reference no: EM131417027

Questions Cloud

What roles empathy play in making fair-ethical decision : What roles empathy play in making a fair, ethical decision? For example, you find someone breaking a can car to steal and you say nothing or someone didn't like gay customer to buy anything from his store.

Which of the following is a communication goal : Which of the following is a Secondary Research method? Which of the following is a communication goal? Which of the following is an uncontrolled tactic

Planning for exit might be the most important thing : Planning for exit might be the most important thing an entrepreneur can do. Without an exit strategy, the entrepreneur may have no retirement option, or no way to get his or her investment out of the business. Suggest at least three methods for an..

Existing facility or build second facility at location : Pavlo Paxton is the owner of Paxton’s Landscaping located in Plano,Texas. Pavlo is trying to decide how to expand his business. Pavlo’s alternatives are to expand his existing facility or build a second facility at another location.

Find the value of the standardized statistic for sample mean : For n = 25 randomly selected homes, the mean price is x‾ = $208,000. Find the value of the standardized statistic (z-score) for this sample mean.

Determine the mistakes that myspace management : From the e-Activity, looking back over what happened in the social media market, knowing what we know about Facebook, propose what MySpace management could have done differently to overtake the competition with Facebook. Determine the mistakes tha..

Devise strategy for transforming non-evidence-base treatment : Devise a strategy for transforming the non-evidence-based treatment into an evidence-based treatment by integrating a specific psychological theory with new or existing research.

Compare productivity across periods : Vanessa now wants to compare productivity across periods. She sees that Betty the brownie baker worked 50 hours this week and baked 205 brownies. The week before, Betty worked for 40 hours and baked 140 brownies. Calculate Betty's productivity for th..

Random samples of the same size from the same population : Explain whether or not each of the following would ever differ for two random samples of the same size from the same population.- The sample mean x‾.

User Account

All Pages