Question

Suppose that a museum owns 250 surrealist paintings; the population mean value is $500,000 with a...

  1. Suppose that a museum owns 250 surrealist paintings; the population mean value is $500,000 with a population standard deviation of $25,000. If a sample of 15 sculptures is chosen, what is the probability that the average price is:
  1. greater than $510,000
  2. less than $490,000
  3. between $485,000 and $505,000

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