Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was built in 1983. A sample of 100 houses is selected randomly and evaluated by an appraiser. If the mean appraised value of a house in this subdivision for all houses is $227,000, with a standard deviation of $8,500, what is the probability that the sample average is greater than $229,000?
Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was...
Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was built in 1983. A sample of 120 houses is selected randomly and evaluated by an appraiser. If the mean appraised value of a house in this subdivision for all houses is $229,000, with a standard deviation of $8,700, what is the probability that the sample average is greater than $230,500? Appendix A Statistical Tables. (Round the values of z to 2 decimal places. Round...
Q4) A national air traffic control system handled an average of 47,665 flights during 29 randomly selected days in a recent year. The standard deviation for this sample is 6,208 flights per day. Complete parts a through c below. a. Construct a 99% confidence interval to estimate the average number of flights per day handled by the system. The 99% confidence interval to estimate the average number of flights per day handled by the system is from a lower limit...