Sold home prices in a region during a certain year are approximately normally distributed with mean $191,772 and standard deviation $48,000. Suppose that 18 sold home prices from this year are randomly selected. Calculate the probability that the average of the 18 randomly selected prices exceeds $200,000 Use two decimal place accuracy.

Sold home prices in a region during a certain year are approximately normally distributed with mean $191,772 and standard deviation $48,000. Suppose that 18 sold home prices from this year are randomly selected. Calculate the probability that the average of the 18 randomly selected prices exceeds $200,000 Use two decimal place accuracy.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

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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