Suppose a small town in British Columbia contains 1,500 houses. A sample of 100 houses is selected
Question:
Suppose a small town in British Columbia contains 1,500 houses. A sample of 100 houses is selected randomly and evaluated by an appraiser.
If the mean appraised value of a house in this town for all houses is $277,000, with a standard deviation of $10,500, what is the probability that the sample average is greater than $285,000?
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N 1500 n 100 Px 285000 27700...View the full answer
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Muhammad Umair
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Related Book For 
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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