# Question

Refer to Problem 15 above. The current population distribution of home prices in Martha’s Vineyard has a mean of $650,000 and a standard deviation of $140,000, but the shape of this distribution is unknown. Find the probability that the average price of a random sample of 100 homes selected from Martha’s Vineyard is

a. Between $620,000 and $635,000

b. Within $24,000 of the population mean

c. $630,000 or more

d. Not within $20,000 of the population mean

e. Less than $640,000

f. Less than $660,000

g. More than $670,000

h. Between $640,000 and $665,000

a. Between $620,000 and $635,000

b. Within $24,000 of the population mean

c. $630,000 or more

d. Not within $20,000 of the population mean

e. Less than $640,000

f. Less than $660,000

g. More than $670,000

h. Between $640,000 and $665,000

## Answer to relevant Questions

At Jen and Perry Ice Cream Company, the machine that fills one-pound cartons of Top Flavor ice cream is set to dispense 16 ounces of ice cream into every carton. However, some cartons contain slightly less than and some ...Yunan Corporation produces bolts that are supplied to other companies. These bolts are supposed to be 4 inches long. The machine that makes these bolts does not produce each bolt exactly 4 inches long. It is known that when ...A computer company that recently developed a new software product wanted to estimate the mean time taken to learn how to use this software by people who are somewhat familiar with computers. A random sample of 12 such ...An economist wants to find a 90% confidence interval for the mean sale price of houses in a state. How large a sample should she select so that the estimate is within $3500 of the population mean? Assume that the standard ...A couple considering the purchase of a new home would like to estimate the average number of cars that go past the location per day. The couple guesses that the number of cars passing this location per day has a population ...Post your question

0