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Refer to the Real Estate dataset, which reports information on homes sold in the Denver, Colorado, area during 2020. 1. Select 10 homes using a
Refer to the Real Estate dataset, which reports information on homes sold in the Denver, Colorado, area during 2020. |
1. Select 10 homes using a sampling method. Calculate mean and standard deviation. Repeat 5 times. Which method did you use , why and how? |
2.Show a sampling probability distribution for selling price of your 5 samples. |
3. What is the proability of your sampling distribution mean to be more or less than population mean? Is it equal or not? Why or why not? |
Use excel functions to calculate mean, standard deviation for relevant variables |