# The Anasazi Real Estate Company has 20 listings for homes in Santa Fe, New Mexico. The number

## Question:

a. Considering these 20 values to be the population of interest, what is the mean of the population?

b. The company is making a sales brochure and wishes to feature 5 homes selected at random from the list. The number of days the 5 sampled homes have been on the market is

If these 5 houses were used to estimate the mean for all 20, what would the sampling error be?

c. What is the range of possible sampling error if 5 homes are selected at random from the population?

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**Related Book For**

## Business Statistics A Decision Making Approach

**ISBN:** 9780133021844

9th Edition

**Authors:** David F. Groebner, Patrick W. Shannon, Phillip C. Fry