A study of 800 homeowners in a certain area showed that the average value of the homes is $182,000 and the
standard deviation is $15,000. If 50 homes are for sale, find the probability that the mean value of these homes
is less than $185,000. Remember: check to see if the finite correction factor applies.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q129: A soda machine dispenses normally distributed amounts
Q130: What happens to the mean and standard
Q131: Decide if it is appropriate to use
Q132: If the sample size is multiplied by
Q133: The mean annual income for adult women
Q135: Ten percent of the population is
Q136: In a recent survey, 83% of the
Q137: Ten percent of the population is
Q138: The failure rate in a statistics class
Q139: A soda machine dispenses normally distributed amounts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents