Your uncle offers you a choice of $115,000 in 10 years or $54,000 today. Use Appendix B as an approximate answer, but calculate
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Answer:
E(X ¯)=210,000.
Step-by-step explanation:
A sampling distribution for samples of size n=49 from a population with means μ=210,000 and standard deviation σ=35,000, has the following means anda standard deviation:
If X ¯ is the mean sales price of the sample, it will have a mean value of E(X ¯)=210,000.