Statisticians determined that the mortgages of homeowners in a city is normally distributed with a mean of
Question:
Statisticians determined that the mortgages of homeowners in a city is normally distributed with a mean of $250,000 and a standard deviation of $50,000. A random sample of 100 homeowners was drawn. What is the probability that the mean is greater than $262,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
PX262000 P u2...View the full answer
Answered By
Mahesh G
I have more than 7 years of experience in teaching physics, mathematics and python programming to more than 600 students including both online and offline tutoring.
I follow the following 7 step fundamental approach towards tutoring.
1. Curiosity, scope, enlightenment of the topic in hand.
2. Problem Definitions and elaboration.
3. Requisite mathematics, analytical abilities and quantitative
aptitude.
4. Preparing Algorithms for problem statement.
5. Concepts with analogies and building algorithm.
6. Introspection and improvising.
7. Daily class wise Cheat sheets(its not cheating) for consolidation.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
