Compute the sample mean and the standard deviation
1. A group of young businesswomen wish to open a high fashion boutique in a vacant store but only if the average income of households in the area is at least $25,000. A random sample of 9 households showed the following results.
$28,000 $24,000 $26,000 $25,000
$23,000 $27,000 $26,000 $22,000
$24,000
Assume the population of incomes is normally distributed.
a. Compute the sam ...
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20 Apr 2016