Question

The mean sale price of new one bedroom unit in Queensland is $200,000. A sample of...

The mean sale price of new one bedroom unit in Queensland is $200,000. A sample of 36 new one bedrooms units is selected. Assume that the population standard deviation is $36,000 and the sale price of one bedroom units is normally distributed. What is the probability the average sale price of this sample of one bedroom units will be between $194,000 and $200,000? 0.1587 0.3413 0.5000 Insufficient information to compute probability

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The correct answer to the question is 0.3413

Explanation is depicted in solution

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 7 The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is...
Question 7 The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $ 2,642 . Assume the standard deviation is $500. A real estate firm samples 100 apartments. What is the probability that the average rent of the sample is more than $ 2,710 ? Write only a number as your answer. Round to 4 decimal places (for example 0.1048). Do not write as a percentage. Question 8 A survey among freshmen at a certain university...
During a certain week the mean price of gasoline in New York City was $3.75 per...
During a certain week the mean price of gasoline in New York City was $3.75 per gallon with the standard deviation of $0.43. Assume the variable is normally distributed. A) If a gas station is randomly selected from this city what is the probability that the price is less than $3.89 that week? Write your answers with four decimal places. B) If a gas station is randomly selected from this city what is the probability that the price is more...
A report announced that the mean sales price of all new houses sold one year was...
A report announced that the mean sales price of all new houses sold one year was $272,000. Assume that the population standard deviation of the prices is $100,000. If you select a random sample of 100 new houses, what is the probability that the sample mean sales price will be between $250,000 and $285,000? Select one: a. 0.8893 b. 0.8034 c. 0.2956 d. 0.1388
After interviewing a sample of 100 residents of New Taipei City, you find that the mean...
After interviewing a sample of 100 residents of New Taipei City, you find that the mean AGE of the sample respondents is 35 years with a standard deviation of 5.0, and that AGE seems fairly normally distributed. However, you are told that the average age of New Taipei City is less than 37 years ten years ago. Based on your sample data, you need to test whether the true average age of all New Taipei City residents is still less...
A variable of a population has a mean of ?=150 and a standard deviation of ?=21....
A variable of a population has a mean of ?=150 and a standard deviation of ?=21. a. The sampling distribution of the sample mean for samples of size 49 is approximately normally distributed with mean __ and standard deviation __ A company sells sunscreen in 500 milliliters (ml) tubes. In fact, the amount of lotion in a tube varies according to a normal distribution with mean ?=497 ml and a standard deviation ?=5 ml. Suppose a store that sells this...
Question 1 (1 point) Suppose that a sample of size 60 is drawn from a population...
Question 1 (1 point) Suppose that a sample of size 60 is drawn from a population with mean 88 and standard deviation 61 . Find the value of , the mean of the distribution of sample means. Wrtie only a number as your answer. Your Answer: Question 2 (1 point) Suppose that a sample of size 68 is drawn from a population with mean 64 and standard deviation 46 . Find the value of , the standard deviation of the...
1.The sample mean is an unbiased estimator for the population mean. This means: The sample mean...
1.The sample mean is an unbiased estimator for the population mean. This means: The sample mean always equals the population mean. The average sample mean, over all possible samples, equals the population mean. The sample mean will only vary a little from the population mean. The sample mean has a normal distribution. 2.Which of the following statements is CORRECTabout the sampling distribution of the sample mean: The standard error of the sample mean will decrease as the sample size increases....
Suppose a growing health and wellness company is rolling out three new nutritional diet plans. The...
Suppose a growing health and wellness company is rolling out three new nutritional diet plans. The research department wants to test the effectiveness of these three new nutritional plans, a low-fat plan and a low-carb plan, as well as its standard low-calorie plan. Marcia, a nutrition researcher with the company, randomly assigns 24 new weight loss program participants to each of the three plans, assigning 8 to each plan. After administering the plans, she follows up with the participants a...
Suppose a growing health and wellness company is rolling out three new nutritional diet plans. The...
Suppose a growing health and wellness company is rolling out three new nutritional diet plans. The research department wants to test the effectiveness of these three new nutritional plans, a low-fat plan and a low-carb plan, as well as its standard low-calorie plan. Marcia, a nutrition researcher with the company, randomly assigns 18 new weight loss program participants to each of the three plans, assigning 6 to each plan. After administering the plans, she follows up with the participants a...
1) The local swim team is considering offering a new semi-private class aimed at entry-level swimmers,...
1) The local swim team is considering offering a new semi-private class aimed at entry-level swimmers, but needs at minimum number of swimmers to sign up in order to be cost effective. Last year’s data showed that during 8 swim sessions the average number of entry-level swimmers attending was 15. Suppose the instructor wants to conduct a hypothesis test to test the population mean is less than 15, and we know that the variable is normally distributed. The sample size...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT