SCENARIO 7-2 The Mean Selling Price of New Homes in a Small

question 3

Multiple Choice

SCENARIO 7-2
The mean selling price of new homes in a small town over a year was $115,000.The population standard deviation was $25,000.A random sample of 100 new home sales from this city was taken.
-Referring to Scenario 7-2,without doing the calculations,state in which of the following ranges the sample mean selling price is most likely to lie?

• A)$113,000 -- $115,000
• B)$114,000 -- $116,000
• C)$115,000 -- $117,000
• D)$116,000 -- $118,000

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Definitions:

Sympathetic

Relates to the part of the autonomic nervous system that prepares the body for intense physical activity and is often referred to as the fight-or-flight response.

Parasympathetic

Part of the autonomic nervous system responsible for relaxing the body and conserving energy.

Endocrine System

A network of glands in the body that secrete hormones directly into the circulatory system to regulate the body's growth, metabolism, and sexual development and function.

Hormones

Chemical messengers produced by glands in the body, which travel through the bloodstream to regulate various physiological processes and behaviors.