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The living space for homes in a neighborhood of north Peoria has an approximately normal distribution with a population mean of 2200 square feet and a population standard deviation of 300 square feet. What is the probability that a random sample of 25 homes would result in a sample mean of less than 2000 square feet? [ Hint: We are talking about the mean of the sampling distribution of the sample mean.]
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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