A town has 500 real estate agents. The mean value of the properties sold in a year
Question:
a. What is the standard error of the sample mean?
b. What is the probability that the sample mean exceeds $825,000?
c. What is the probability that the sample mean exceeds $780,000?
d. What is the probability that the sample mean is between $790,000 and $820,000?
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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