Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listing Price $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Listing Price $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 348,900.00 363,500.00 455,900.00 184,900.00 699,999.00 249,900.00 265,000.00 181,000.00 454,900.00 240,000.00 327,500.00 236,000.00 474,900.00 469,900.00 499,000.00 465,000.00 409,900.00 219,900.00 249,000.00 625,500.00 199,900.00 359,000.00 639,900.00 249,950.00 624,500.00 542,000.00 249,900.00 359,900.00 199,916.00 315,000.00 769,900.00 649,000.00 144,900.00 185,000.00 375,000.00 295,000.00 265,000.00 250,000.00 337,900.00 457,500.00 494,140.00 350,000.00 1,595,000.00 $ Population Mean 433,687.07 Population Standard Deviation 267154.66481 Sample 1 Sample 2 Sample 3 Sample 4 Sample 5 Sample 6 Sample 7 Sample 8 Sample 9 Sample 10 Sample Mean $ 344,399.90 $ 397,660.00 $ 373,996.60 $ 372,920.00 $ 575,294.00 $ 493,470.00 $ 405,200.00 $ 550,020.00 $ 343,740.00 $ 480,169.90 $ 4,336,870.40 3. Mean of the 10 Sample Means $433,687.04 The Mean of the 10 Samples is almost the exact sam the 10 sample mean is 433,687.04. The two are the we are accounting for all of the data again. 4. Standard Deviation of the 10 Sample Means 84818.92575 The Standard Deviation of the 10 sample means is sig behind this is because when we take the deviation of account with the population. In other words, the ran sample means. Therefore, causing a much lower stan $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 524,900.00 569,000.00 795,000.00 489,000.00 229,900.00 369,000.00 337,000.00 745,000.00 469,000.00 378,000.00 430,000.00 650,000.00 679,900.00 559,000.00 254,900.00 379,000.00 389,900.00 925,000.00 277,500.00 447,500.00 649,000.00 200,000.00 127,000.00 140,000.00 465,000.00 499,000.00 322,000.00 140,000.00 289,900.00 400,000.00 199,900.00 500,000.00 525,000.00 606,500.00 624,900.00 415,000.00 1,799,000.00 399,000.00 459,900.00 275,000.00 239,900.00 510,000.00 249,900.00 224,900.00 399,900.00 $ 289,900.00 $ 389,000.00 $ 535,000.00 $ 82,000.00 $ 259,999.00 $ 275,900.00 $ 285,000.00 $ 260,000.00 $ 349,900.00 $ 1,375,000.00 $ 779,000.00 $ 599,900.00 $ 43,368,704.00 Sample # 1 $ 348,900.00 $ 363,500.00 $ 455,900.00 $ 184,900.00 $ 699,999.00 $ 249,900.00 $ 265,000.00 $ 181,000.00 $ 454,900.00 $ 240,000.00 Sample # 2 $ 327,500.00 $ 236,000.00 $ 474,900.00 $ 469,900.00 $ 499,000.00 $ 465,000.00 $ 409,900.00 $ 219,900.00 $ 249,000.00 $ 625,500.00 Sample # 3 $ 199,900.00 $ 359,000.00 $ 639,900.00 $ 249,950.00 $ 624,500.00 $ 542,000.00 $ 249,900.00 $ 359,900.00 $ 199,916.00 $ 315,000.00 Sample # 4 $ 769,900.00 $ 649,000.00 $ 144,900.00 $ 185,000.00 $ 375,000.00 $ 295,000.00 $ 265,000.00 $ 250,000.00 $ 337,900.00 $ 457,500.00 Sample # 5 Sample # 6 $ 494,140.00 $ 745,000.00 $ 350,000.00 $ 469,000.00 $ 1,595,000.00 $ 378,000.00 $ 524,900.00 $ 430,000.00 $ 569,000.00 $ 650,000.00 $ 795,000.00 $ 679,900.00 $ 489,000.00 $ 559,000.00 $ 229,900.00 $ 254,900.00 $ 369,000.00 $ 379,000.00 $ 337,000.00 $ 389,900.00 Sample Means 3,687.04 0 Samples is almost the exact same as the population mean. The population mean is 433,687.07, and an is 433,687.04. The two are the same because when we compute the mean of the sample means, for all of the data again. tion of the 10 Sample Means 84818.92575 ation of the 10 sample means is significantly lower than the population standard deviation. The reason ause when we take the deviation of the samples, we are eliminating any outliers that were taken into population. In other words, the range in the population set is much larger than the range between the herefore, causing a much lower standard deviation. Sample # 7 $ 925,000.00 $ 277,500.00 $ 447,500.00 $ 649,000.00 $ 200,000.00 $ 127,000.00 $ 140,000.00 $ 465,000.00 $ 499,000.00 $ 322,000.00 Sample # 8 $ 140,000.00 $ 289,900.00 $ 400,000.00 $ 199,900.00 $ 500,000.00 $ 525,000.00 $ 606,500.00 $ 624,900.00 $ 415,000.00 $ 1,799,000.00 Sample # 9 $ 399,000.00 $ 459,900.00 $ 275,000.00 $ 239,900.00 $ 510,000.00 $ 249,900.00 $ 224,900.00 $ 399,900.00 $ 289,900.00 $ 389,000.00 Sample # 10 $ 535,000.00 $ 82,000.00 $ 259,999.00 $ 275,900.00 $ 285,000.00 $ 260,000.00 $ 349,900.00 $ 1,375,000.00 $ 779,000.00 $ 599,900.00 Sample Mean Sample 1 $ 344,399.90 Sample 2 $ 397,660.00 Sample 3 $ 373,996.60 Sample 4 $ 372,920.00 Sample 5 $ 575,294.00 Sample 6 $ 493,470.00 Sample 7 $ 405,200.00 Sample 8 $ 550,020.00 Sample 9 $ 343,740.00 Sample 10 $ 480,169.90 $ 4,336,870.40 3. Mean of the 10 Sample Means $433,687.04 The Mean of the 10 Samples is almost the exact same as the population population mean is 433,487.07, and the 10 sample mean is 433,687.04. exact same as the population mean. The 0 sample mean is 433,687.04

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions

Question

Show the properties and structure of allotropes of carbon.

Answered: 1 week ago