Essay
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:
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50/800 = 0.0625 = 6....View Answer
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Correct Answer:
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View Answer
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