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Example: The price of houses sold in a city last year is normally distributed with a mean of $215,000 and a standard deviation of $25,000.

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Example: The price of houses sold in a city last year is normally distributed with a mean of $215,000 and a standard deviation of $25,000. A random sample of 25 of the 200 houses that were sold was taken. (a) Comment on the shape of the sampling distribution. Why can the Central Limit Theorem be used? (b) What is the probability that sample mean will be less than $221,000

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