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In a particular city, 1118 mortgages were taken out last year. A random sample of sixty without replacement of these had mean amount $87,300 and standard deviation $19,200. Estimate the mean amount of all mortgages taken out in this city last year and find the Standard Error.
  • $5013
  • $2843
  • $2070
  • $2348
  • $2195
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    Carlos Rodriguez <carlos@math.albany.edu>
    This problem was contributed by a student in Elementary Statistics. It is offered as it is with no warranty of any kind
    Last modified: Wed May 13 12:29:11 EDT 1998