| In a particular city, 1118 mortgages were taken out last year. A random sample of sixty without replacement of these had mean amount $87,300 and standard deviation $19,200. Estimate the mean amount of all mortgages taken out in this city last year and find the Standard Error. |
Carlos Rodriguez <carlos@math.albany.edu>
This problem was contributed by a student in Elementary Statistics. It is offered as it is with no warranty of any kind