Multiple Choice
According to the local real estate board, the average number of days that homes stay on the market before selling is 78.4, with a standard deviation equal to 11 days. A prospective seller selected a random sample of 36 homes from the multiple listing service. Above what value for the sample mean should 95 percent of all possible sample means fall?
A) about 75.4 days
B) about 81.4 days
C) about 96.5 days
D) about 60.3 days
E) about 79.3 days
Correct Answer:

Verified
Correct Answer:
Verified
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