A Real Estate Company Has 20 Listings For Homes In A Certain City The Number Of Days Each House Has Been On The Market 1 (25.6 KiB) Viewed 95 times
A Real Estate Company Has 20 Listings For Homes In A Certain City The Number Of Days Each House Has Been On The Market 2 (13.3 KiB) Viewed 95 times
A Real Estate Company has 20 listings for homes in a certain city. The number of days each house has been on the market without selling is shown in the accompanying table. Complete parts a through c below. 103 65 8 51 16 7 52 58 81 60 76 16 54 12 103 97 36 107 23 73 COL a. Considering these 20 values to be the population of interest, what is the mean of the population? The population mean is 54.90 days. (Round to two decimal places as needed.) b. The company is making a sales brochure and wishes to feature 5 homes selected at random from the list. The number of days the 5 sampled homes have been on the market are listed below. If these 5 houses were used to estimate the mean for all 20, what would the sampling error be? 16 103 12 97 60 The sampling error for this sample is days. (Round to two decimal places as needed.) ct:0
F The possible sampling error ranges from days to days. (Round to two decimal places as needed. Use ascending order.)
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