Question: PLEASE Answer ON EXCEL and show the workings and formulas you used on excel to get the answer. Correctly please 4. A real estate association
PLEASE Answer ON EXCEL and show the workings and formulas you used on excel to get the answer. Correctly please

4. A real estate association for a specific city puts the average price at which a house was sold in a given year at $ 323,557. Assume that the standard deviation of the house prices is $101,249. Suppose a researcher did a survey of a random selection of 36 house sale prices in this year and obtained an average house price of $ 365,864. What's the chance that such a survey would have resulted in an average price this high or higher
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
