# Question

According to the U.S. Census Bureau publication

Manufactured Housing Statistics, the mean price of new mobile homes is $65,100. Assume a standard deviation of $7200.

Let x-bar denote the mean price of a sample of new mobile homes.

a. For samples of size 50, find the mean and standard deviation of x-bar. Interpret your results in words.

b. Repeat part (a) with n = 100.

Manufactured Housing Statistics, the mean price of new mobile homes is $65,100. Assume a standard deviation of $7200.

Let x-bar denote the mean price of a sample of new mobile homes.

a. For samples of size 50, find the mean and standard deviation of x-bar. Interpret your results in words.

b. Repeat part (a) with n = 100.

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