The mean price of photo printers on a website is $241 with a standard deviation of $60. Random samples of size 30 are drawn from this population and the mean of each sample is determined.
What is your question?
To determine the mean of each sample, we can follow these steps:
1. Define the population: In this case, the population consists of all photo printers on the website.
2. Find the mean and standard deviation of the population: Given that the mean price of all photo printers on the website is $241 and the standard deviation is $60, we have the necessary information about the population.
3. Determine the sample size: The problem states that random samples of size 30 are drawn from the population.
4. Perform random sampling: Randomly select a sample of 30 photo printers from the population. This sample should be representative of the entire population.
5. Calculate the mean of the sample: Add up the prices of all the printers in the sample and divide by the sample size (30). This will give you the mean price for that particular sample.
6. Repeat steps 4 and 5: Draw another random sample of size 30 from the population and calculate the mean. Repeat this process as many times as necessary (in this case, an unspecified number of times).
By following these steps, you can determine the mean of each sample drawn from the population.