Answer: [tex]\mu=170\ ;\ \sigma=10.59[/tex]
Step-by-step explanation:
Given : The proportion of households that were renters in 2011 : p= 0.34
Sample size : n= 500
The mean and standard deviation for binomial distribution is given by :-
[tex]\mu=np\\\\\sigma=\sqrt{np(1-p)}[/tex]
Then , the mean and standard deviation of the given sampling distribution :-
[tex]\mu=500(0.34)=170\\\\\sigma=\sqrt{500(0.34)(1-0.34)}\approx10.59[/tex]