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A Housing Developer Suspects That Housing Prices in a Geographical $64,000\$ 64,000

Question 30

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A housing developer suspects that housing prices in a geographical area are higher than the national average. Suppose the average national home price is $64,000\$ 64,000 with a standard deviation of $5,000\$ 5,000 , and the developer decides to build the community only if, in a random sample of 50 newly -sold houses, the average price is more than $66,000\$ 66,000 .
-What is the probability that the developer builds the community when the prices in the area are only average?

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