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...


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.



Jun 04, 2022
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