Find the value of the standardized statistic for sample mean

Reference no: EM131417027

Home prices in a city have mean μ = $200,000 and standard deviation σ = $25,000. For n = 25 randomly selected homes, the mean price is x‾ = $208,000. Find the value of the standardized statistic (z-score) for this sample mean.

Reference no: EM131417027

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