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Statement of a problem № m809

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Refer to the Real Estate data, which report information on the homes sold in the Goodyear, Arizona, area last year. Use statistical software to compute the mean and the standard deviation of the selling prices. Assume this to be the population. Select a sample of 10 homes. Compute the mean and the standard deviation of the sample. Determine the likelihood of a sample mean this large or larger from the population.




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