A random sample of 10 homes in a particular suburb had the following selling prices (in thousands

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A random sample of 10 homes in a particular suburb had the following selling prices (in thousands of pounds):

209 256 257 272 275 277 278 285 306 327

a. Check for evidence of nonnormality.

b. Find a point estimate of the population mean that is unbiased and efficient.

c. Use an unbiased estimation procedure to find a point estimate of the variance of the sample mean.

(Hint: Use sample standard deviation to estimate population standard deviation).

d. Use an unbiased estimator to estimate the proportion of homes in this suburb selling for less than

£280,000.

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Question Posted: Oct 31, 2024 06:01 AM

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A random sample of 10 homes in a particular suburb had the following selling prices (in thousands

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Statistics For Business And Economics

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