According to a recent article in Worth, the average price of a house on Marco Island, Florida,

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According to a recent article in Worth, the average price of a house on Marco Island, Florida, is $2.6 million. Assume that the standard deviation of the prices is $400,000. A random sample of 75 houses is taken and the average price is computed.

What is the probability that the sample mean exceeds $3 million?

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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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Question Posted: Jun 03, 2015 05:51 AM

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According to a recent article in Worth, the average price of a house on Marco Island, Florida,

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