According to a recent publication, the mean price of new mobile homes is $63,300. Assume a standard deviation of $7100. Let x denote the mean price of a sample of new mobile homes. a. For samples of size 100, find the mean and standard deviation of x. Interpret your results in words. b. Repeat part (a) with n = 200. a. For samples of 100 mobile homes, the mean and standard deviation of all possible sample mean prices are $ and $ (Round to the nearest cent as needed.) respectively. all possible sample mean prices the prices of the mobile homes

MATLAB: An Introduction with Applications
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According to a recent publication, the mean price of new mobile homes is $63,300. Assume a standard deviation of $7100. Let x denote the mean price of a sample of
new mobile homes.
a. For samples of size 100, find the mean and standard deviation of x. Interpret your results in words.
b. Repeat part (a) with n= 200.
a. For samples of 100 mobile homes, the mean and standard deviation of all possible sample mean prices are $ and $ , respectively.
(Round to the nearest cent as needed.)
all possible sample mean prices
the prices of the mobile homes
Transcribed Image Text:According to a recent publication, the mean price of new mobile homes is $63,300. Assume a standard deviation of $7100. Let x denote the mean price of a sample of new mobile homes. a. For samples of size 100, find the mean and standard deviation of x. Interpret your results in words. b. Repeat part (a) with n= 200. a. For samples of 100 mobile homes, the mean and standard deviation of all possible sample mean prices are $ and $ , respectively. (Round to the nearest cent as needed.) all possible sample mean prices the prices of the mobile homes
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