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Some Real Estate Specialists Estimate That the Length of Time y\overline{ y}

Question 50

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Some real estate specialists estimate that the length of time people live in a house has a mean of 10 years and a standard deviation of 3 years.A random sample of 200 families was chosen and surveyed.Let y\overline{ y} represent the mean number of years that those families had lived in their house.Describe the sampling distribution model of this mean.


A) Binom(10,3)
B) N(10,1.5)
C) N(10,3)
D) N(10,0.12)
E) There is not enough information to describe the distribution.

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