TABLE 7-2
The mean selling price of new homes in a city 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) $116,000- $118,000
B) $114,000- $116,000
C) $113,000- $115,000
D) $115,000- $117,000

Question

Quizplus · Accepted Answer

The Answer of TABLE 7-2
The mean selling price of new homes in a city 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) $116,000- $118,000
B) $114,000- $116,000
C) $113,000- $115,000
D) $115,000- $117,000

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