TABLE 7-2
The mean selling price of new homes in a small town over a year was $115,000.The population standard deviation was $25,000.A random sample of 100 new home sales from this city was taken.
-Referring to Table 7-2,without doing the calculations,state in which of the following ranges the sample mean selling price is most likely to lie.
A)$113,000-$115,000
B)$114,000-$116,000
C)$115,000-$117,000
D)$116,000-$118,000

Question

Quizplus · Accepted Answer

The Answer of TABLE 7-2
The mean selling price of new homes in a small town over a year was $115,000.The population standard deviation was $25,000.A random sample of 100 new home sales from this city was taken.
-Referring to Table 7-2,without doing the calculations,state in which of the following ranges the sample mean selling price is most likely to lie.
A)$113,000-$115,000
B)$114,000-$116,000
C)$115,000-$117,000
D)$116,000-$118,000

TABLE 7-2 The Mean Selling Price of New Homes in a Small