Question: Suppose a subdivision on the southwest side of Denver Colorado
Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was built in 1983.A sample of 100 houses is selected randomly and evaluated by an appraiser. If the mean appraised value of a house in this subdivision for all houses is $227,000, with a standard deviation of $8,500, what is the probability that the sample average is greater than $229,000?
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