Prices of homes in Raleigh, North Carolina are Normally distributed with a mean of $231,600 and a standard deviation of $38,550. What is the probability that the mean price of an SRS of 75 homes is more than $240,000? 0.0296 0.4272 0.2847 O 0.9173

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Prices of homes in Raleigh, North Carolina are Normally distributed with a mean of $231,600
and a standard deviation of $38,550.
What is the probability that the mean price of an SRS of 75 homes is more than $240,000?
0.0296
0.4272
O 0.2847
0.9173
Transcribed Image Text:Prices of homes in Raleigh, North Carolina are Normally distributed with a mean of $231,600 and a standard deviation of $38,550. What is the probability that the mean price of an SRS of 75 homes is more than $240,000? 0.0296 0.4272 O 0.2847 0.9173
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