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Instruction 7.2
The mean selling price of new homes in a country town over a year was $115,000. The population standard deviation was $25,000. A random sample of 100 new home sales from this town was taken.
-Referring to Instruction 7.2,what is the probability that the sample mean selling price was between $113,000 and $117,000?
Mislaid Property
Items that the owner has intentionally placed somewhere but then forgotten, differentiating from lost or abandoned property.
Abandoned Property
Property that has been discarded by its owner, who has given up all right, title, and interest in it.
Valid Gift
A gift that meets all legal requirements to be considered legally effective, typically involving a clear intention to give, acceptance by the recipient, and delivery of the gift.
Delivery
The process of transferring goods from one party to another, completing the sale or fulfilling a term in a contract.
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