Question

A car manufacturer produced 5,000 cars for a limited edition model. Dealers sold all of these cars at mean price
of $36,000 with a standard deviation of $3,000. Suppose we were to take random samples of 9 of these cars
and calculate the sample mean price z for each sample.
Calculate the mean and standard deviation of the sampling distribution of 2.

H(x)=_________dollars
O(x)=_________dollars

Answer 1

Answer:

μₓ = 36,000 dollars

σ ₓ= 1,000 dollars

Step-by-step explanation:

to find μₓ = 36,000 dollars:

Look in the question, it states that the mean is $36,000.

to find σ ₓ= 1,000 dollars:

$\frac{3000}{\sqrt{9} } = 1000$