Answer:
25
Step-by-step explanation:
a box contians× means 5×5=25
Answer:
The best point estimate for the mean monthly car payment for all residents of the local apartment complex is $624.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean
and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
In this question:
We apply the inverse Central Limit Theorem.
The mean monthy car payment for 123 residents of the local apartment complex is $624.
So, for all residents of the local apartment complex, the best point estimate for the mean monthly car payment is $624.
Yup! We're all pretty good here.
$7.65 × 23 = $175.95
Answer: $175.95