Sampling Distributions – Real Estate

Description

  1. Review the data and for the purpose of this project please consider the 100 listing prices as a population. Compute the population mean and population standard deviation for these data.
  2. Divide the 100 listing prices into 10 samples of n=10 each. The first sample should include houses 1 through 10 on your spreadsheet, the second sample houses 11 through 20, and so on. Do not sort the data on listing price befor starting this exercise or you will not get the right answer. Compute the mean of each of the 10 samples and list them here.

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