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Mathematics, 12.07.2021 18:30, HistoryLover
The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is 2630. Assume the standard deviation is$500 . A real estate firm samples 100 apartments. Use the TI-84 Plus calculator. a) What is the probability that the sample mean rent is greater than $27007?b) What is the probability that the sample mean rent is between $2450 and $2550? c) Find the 25th percentile of the sample mean. d) Would it be unusual if the sample mean were greater than $26457?e) Do you think it would be unusual for an individual to have a rent greater than $2645? Explain. Assume the variable is normally distributed.
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The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is 2630. Assume the...
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