Find probability that sample average will be below a value

Assignment Help Basic Statistics
Reference no: EM13116046

Residential real estate in New York rents for an average of $44 per square foot, for a certain segment of the market.14 If the population standard deviation is $7, and a random sample of 50 properties is chosen, what is the probability that the sample average will be below $35?

Reference no: EM13116046

Questions Cloud

Portfolio management for personal financial planning : Explain some disadvantages of Cliff's current investment approach. Construct a portfolio for Cliff, limiting your selections to mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar a..
Find probability that total weight of eight people exceeds : What is the probability that the total weight of eight people exceeds 1300 pounds? 1500 pounds? (Assume that the probability distribution is approximately normal).
What is the boiling point of molal solution of sugar : What is the boiling point of a 0.800 molal solution of sugar in water? Kb = 0.512C/m for water. Sugar does not dissociate in solution and pure water boils at 100C.
Computing price of forward contract : What is the forward price of your contract? Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. What is the price of a forward contract otherwise identical to yours?
Find probability that sample average will be below a value : If the population standard deviation is $7, and a random sample of 50 properties is chosen, what is the probability that the sample average will be below $35?
Evaluate the significance of the results : Suppose there are two samples of size 6 and 7, with a rank sum of 58 in the sample of size 6. Using the Wilcox on rank-sum test, evaluate the significance of the results, assuming there are no ties.
What is the normal boiling point of arsine : Arsine (AsH3) has a vapor pressure is 35 Torr at -111.95?C and 253 Torr at -83.6 ?C. What is the normal boiling point of arsine.
Distant learning project-presentation : Your meeting with the CEO and other officers of the distance learning investment company will last for 35 minutes. You must get them to buy into your idea or the project will fade away.
Find probability-none of the three parents give punishment : What is the probability that none of the three parents condone spanking as a regular form of punishment for their children?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd