According to the Department of Building and Housing, the average rent for a one-bedroom Auckland City apartment
Question:
According to the Department of Building and Housing, the average rent for a one-bedroom Auckland City apartment is NZ$314 with a standard deviation of $88. Given that rents are normally distributed, what is the probability that a student can find a one-bedroom apartment for:
(a) Less than $200 per week
(b) More than $400 per week
(c) Between $280 and $350 per week?
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Let the random variable X d...View the full answer
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Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
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