Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was built
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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 $177,000, with a standard deviation of $8,500, what is the probability that the sample average is greater than $185,000?
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N 1500 n 100 177000 8500 P 185000 ...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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