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Suppose you have data on the percentage change in the annual price of 100 randomly chosen single family homes for a large population of such
Suppose you have data on the percentage change in the annual price of 100 randomly chosen single family homes for a large population of such homes. You believe sampling distribution concepts would help to draw inferences about the percentage change in annual price for the population of homes from which this sample is selected. Choose only one statement and provide a brief justification below:
(a) Sampling distribution of the mean because
(b) Sampling distribution of the proportion because
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