Multiple Choice
The mean rent for a two-bedroom apartment in the Greater Toronto Area is $2,000 per month. The distribution of the monthly costs does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 36 two-bedroom apartments and finding the mean to be under $1,500 per month? The standard deviation of the sample is $300.
A) 34.13%
B) 84.13%
C) 50%
D) 100%
Correct Answer:
Verified
Correct Answer:
Verified
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