Essay
Some experts claim that the length of time people live in a house can be described by a Normal distribution with a mean of 7.2 years and a standard deviation of 2.4 years.Suppose you calculate the percentage of homeowners who stay in their house for more than 9 years and the probability that the mean length of time for a sample of 100 homeowners is more than 9 years.If the correct model for the length of time people live in a home is in fact skewed to the right,does that change your answer to either calculation? Explain.
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The answer to the first calculation woul...View Answer
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