TABLE 7-3 The Mean Selling Price of New Homes in a Small

question 85

Multiple Choice

TABLE 7-3
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 Table 7-3, 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:

White-Collar Deviance

Non-violent, illegal or unethical acts committed by individuals in professional or business roles, typically for personal or corporate gain.

Social Controls

The mechanisms, strategies, and techniques that societies use to encourage conformity to norms and discourage deviant behavior.

Greater Opportunity

The increased chance or potential to achieve success, access resources, or advance in one's personal or professional life.

Global Economy

refers to the interconnected and interdependent nature of the world's economies, where changes in one part can affect economies globally.