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QUESTION
A random sample of eight homes in a particular suburb had the following selling prices (in thousands of dollars). 92 83 112 127 109 96 102 90 a.
A random sample of eight homes in a particular suburb had the following selling prices (in thousands of dollars).
92 83 112 127 109 96 102 90
a. Find a minimum variance unbiased point estimate of the population mean?
b. Use an unbiased estimator to estimate the proportion of homes in this suburb selling for less than $92,500?
