A real estate agent needs to estimate the average value of a residential property of a given size in a certain area. Thereal estate agent believes that property values are normally distributed. A random sample of size n 25 units gives asample mean of 121,000 and sample standard deviation of 5,000. Give the 92-percent confidence interval for theaverage value of all properties of this kind:O A: 121,000 2172B: 121,000 + 1450OC 121,000 1828D: 121,000 1612E: 121,000 131s

We have given that, Sample mean (x̄) = 121,000, sample standard deviation (s) = 5000 and sample size…

Answered: al estate agent needs to estimate the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The ages of students in a certain high school had mean 16.5 and standard deviation 1.2. A student whose age is 18 is selected, the z-score of the age 18 is equal to Select one: а. 1.25 O b. -1.5 C. 1.5 d. -1.25
Assume that adults have IQ scores that are normally distributed with a mean of 103.8 and a standard deviation 15.7. Find the first quartile Q1, which is the IQ score separating the bottom 25% from the top 75%. The first quartile is
A study of a population showed that males' body temperatures are approximately Normally distributed with a mean of 98.4°F and a population standard deviation of 0.40°F. What body temperature does a male have if he is at the 95th percentile? Draw a well-labeled sketch to support your answer.
This assignment is worth 1 points. The extra point will be added to your overall course grade. For example: if you receive an 88% in the course you can receive up to 1 point giving you a new score of 89%. The following rubric will be used. 0.25 point for drawing the normal distribution curve with the mean value labeled on the curve and the appropriate area shaded. 0.25 point for determining the value of the standard deviation of the sample mean. 0.5 point for finding the correct probability. All work must be shown in order to receive any credit. Please upload your completed assignment here. The length of time taken on the SAT for a group of students is normally distributed with a mean of 2.5 hours and a standard deviation of 0.25 hours. A sample size of n = 60 is drawn randomly from the population. Find the probability that the sample mean is between two hours and three hours.
Assume that the heights of women are normally distributed with a mean of 62.4 inches and a standard deviation of 1.6 inches. Find Q3 the third quartile that separates the bottom 75% from the top 25%
Let the physics exam scores X follow a normal distribution with mean 80 and standard deviation 10. What score the student should get to be from the better of 10%of students
Assume that adults have IQ scores that are normally distributed with a mean of 96 and a standard deviation 19.3. Find the first quartile Q1,which is the IQ score separating the bottom 25% from the top 75%. The first quartile is?
A set of data item is normally distributed with a mean 218 and a standard deviation of 49. Find the data item in the distribution that corresponds to the given z score. Z-score=-1.3
A reading class can read an mean of 175 words per minute and a population standard deviation of 20 words per minutes. The top 3% of the class is to receive a special award for a random sample of 49 students. What is the minimum average number of words per minute a student would need to read in order to get the award for a random sample of 49 students? Assume the data is normally distributed.
Exam scores in a large class are normally distributed with a mean of 15.7 and a standard deviation of 7.43. Rana's score on the exam was 9, and Sara's score was 25. The absolute value for the difference between the two ladies z-score is O a. 4.5760 O b. 2.4226 O c. 1.2517 O d. 2.1534
The salaries of professional baseball players are heavily skewed right with a mean of $3.2 million and a standard deviation of $2 million. The salaries of professional football players are also heavily skewed right with a mean of $1.9 million and a standard deviation of $1.5 million. A random sample of 40 baseball players’ salaries and 35 football players’ salaries is selected. The mean salary is determined for both samples. Let represent the difference in the mean salaries for baseball and football players. Which of the following represents the shape of the sampling distribution for ? skewed right since the populations are both right skewed skewed right since the differences in salaries cannot be negative approximately Normal since both sample sizes are greater than 30 approximately Normal since the sum of the sample sizes is greater than 30
In a large section of a statistics class, the points for the final exam are normally distributed, with a mean of 71and a standard deviation of 8. Grades are assigned such that the top 10% receive A's, the next 20% received B's, the middle 40% receive C's, the next 20% receive D's, and the bottom 10% receive F's. Find the lowest score on the final exam that would qualify a student for an A, a B, a C, and a D.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS