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:
[tex]\mu_s=\mu=210,000\\\\\sigma_s=\sigma/\sqrt{n}=35,000/\sqrt{49}=35,000/7=5,000[/tex]
If X ¯ is the mean sales price of the sample, it will have a mean value of E(X ¯)=210,000.
