Step by Step Solutions

[Solution] The mean selling price of new homes in a city over a year was $115,000. The population standard deviation was $25,000. A random sample of 100 new

Question: The mean selling price of new homes in a city over a year was $115,000. The population standard deviation was $25,000. A random sample of 100 new home sales in this city was taken.

  1. Is it necessary to assume that the prices are normally distributed to use the Central Limit Theorem?
  2. Find the probability that the sample mean was more than $110,000.
  3. Find the probability that the sample mean is between $113,000 and $117,000.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in