# Question

Astudy of 800 homeowners in a certain area showed that the average value of the homes was $82,000, and the standard deviation was $5000. If 50 homes are for sale, find the probability that the mean of the values of these homes is greater than $83,500.

Check to see whether the correction factor should be used. If so, be sure to include it in the calculations.

Check to see whether the correction factor should be used. If so, be sure to include it in the calculations.

## Answer to relevant Questions

The average breaking strength of a certain brand of steel cable is2000 pounds, with a standard deviation of 100 pounds. A sample of 20 cables is selected and tested. Find the sample mean that will cut off the upper 95% of ...The average early-bird special admission price for a movie is $5.81. If the distribution of movie admission charges is approximately normal with a standard deviation of $0.81, what is the probability that a randomly selected ...The average salary of a male full professor at a public four-year institution offering classes at the doctoral level is $99,685. For a female full professor at the same kind of institution, the salary is $90,330. If the ...An automobile dealer finds that the average price of a previously owned vehicle is $8256. He decides to sell cars that will appeal to the middle 60% of the market in terms of price. Find the maximum and minimum prices of the ...In a certain normal distribution, 1.25% of the area lies to the left of 42, and 1.25% of the area lies to the right of 48. Find µand σ.Post your question

0