What is the probability that the sample mean

Assignment Help Basic Statistics
Reference no: EM132853034

A report announced that the median sales price of new houses sold one year was ?$221,000?, and the mean sales price was ?$272,100. Assume that the standard deviation of the prices is ?$80,000.

If you select a random sample of n=100?, what is the probability that the sample mean will be less than ?$300,000??

The probability that the sample mean will be less than ?$300,000 is ......?

(Round to the nearest four decimals)

Reference no: EM132853034

Questions Cloud

What is the expected number of female patient : (a) What is the expected number of female patient recordings selected for training?
What is the MIRR of a project : The company is able to reinvest cash flows received from the project at an annual rate of 9.92 percent. What is the MIRR of a project
What responsibility might be in supporting hernandez family : What responsibilities, as a social worker, might be in supporting the Hernandez family in addressing their child welfare needs through the accessibility.
Discrete math-counting problem : Discrete Math - Counting Problem (Combination/Permutation/etc) How many ways are there to arrange 6 indistinguishable ball into 20 distinguishable bins?
What is the probability that the sample mean : If you select a random sample of n=100?, what is the probability that the sample mean will be less than ?$300,000??
Compare the benefits and shortfalls of permanency planning : Explain whether research supports the assumption that foster care is harmful for children, as presented by the cornerstone argument for family preservation.
Calculate the amount to be recorded for interest expense : Show the journal entry required to record the issue of the bonds. Calculate the amount to be recorded for interest expense on November 1, 2020
Probability that all 6 balls drawn from the urn are green : What is the probability that all 6 balls drawn from the urn are green? Round your answer to three decimal places.
Write the fitted regression equation : Write the fitted regression equation. (Round your answers to 4 decimal places. Negative values should be indicated by a minus sign.)

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is the probability of exactly two failures

Based on the first 113 missions, and assuming failures occur at the same rate, consider the next 23 missions. What is the probability of exactly two failures? What is the probability of no failures?

  Find the probability of getting two black cards

A math exam consists of 9 multiple- choice question and 6open-ended problems in which all work must be shown. If each person must answer 6 of the multiple-choice and 3 of the open-ended problems. In how many ways can the question and problems be ..

  Probability of choosing a professor or an instructor

The mathematics faculty at a college consists of 6 professors, 9 associate professors, 7 assistant professors, and 12 instructors. If one faculty member is randomly selected, find the probability of choosing a professor or an instructor.

  Find the mean and standard deviation of the resulting

Find the mean and standard deviation of the resulting distribution of sample means for nequals =144

  How many could you expect the statistician to declare

Out of 500 students who do not have ESP, about how many could you expect the statistician to declare do have ESP?

  If the cost of the part is 20 per unit what is the economic

cress electronic products manufactures components used in the automotive industry. cress purchases parts for use in its

  How many bad seeds do you expect to get

Garden. A company selling vegetable seeds in packets of 20 estimates that the mean number of seeds that will actually grow is 18, with a standard deviation.

  Probability that up to a minute will elapse until two calls

an average of 5 calls coming per minute. What is the probability that up to a minute will elapse until 2 calls have come in to the switchboard?

  What is the point estimate of the population

In a random sanple of 500. 205 answered NO to a question. a) What is the point estimate of the population who answered NO to a question?

  Promote ethical behavior

What are some things firms can do to promote ethical behavior and help limit scenarios where there are no clear rules or regulations?

  Calculate a multiple regression

Calculate a regression that examines whether or not you can predict if a student wants a lecturer to be extroverted using the student's extroversion score.

  What is the p-value associated with test of hypothesis

What is the p-value associated with this test of hypothesis? Place your answer, rounded to 3 decimal places

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