The mean price paid for an ounce of gold in 2003 was 350 a


The mean price paid for an ounce of gold in 2003 was $350.

a. Tell whether 350 is a sample mean or a population mean, and identify it with the proper notation.

b. For which sample size will the distribution of sample mean price have more spread: 20 or 30?

c. For which sample size will the shape of the distribution of sample mean be less normal: 20 or 30?

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Basic Statistics: The mean price paid for an ounce of gold in 2003 was 350 a
Reference No:- TGS02612585

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