Suppose we have a large population of houses in community. The average annual heating expense for each
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Question:
Suppose we have a large population of houses in community. The average annual heating expense for each house is $400 with a population standard deviation of $25. A random sample of 25 house, had a sample mean of $380 and a sample standard deviation of $35.
a. What is the mean of the sampling distribution of the sample mean for samples of size 25 chosen from the population of all houses?
b. What is the standard deviation of the sampling distribution of the sample mean for samples of size 25 chosen from the population of all houses?
c. Is it safe to assume that the sampling distribution of the sample mean for samples of size 25 is normally distributed? Why or why not?
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Project Management Achieving Competitive Advantage
ISBN: 978-0133798074
4th edition
Authors: Jeffrey K. Pinto
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