Suppose that ?, the rent of a one-bedroom apartment in Edmonton, follows a distribution with a mean of $700 and a standard deviation of $400. Its density curve is given below.   (c)If you randomly pick 100 one-bedroom apartments, describe the sampling distribution of their average rent. Indicate the mean, standard deviation, and shape.   (d)If you randomly pick 100 one-bedroom apartments, find the probability that their average rent is above $800.

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Suppose that ?, the rent of a one-bedroom apartment in Edmonton, follows
a distribution with a mean of $700 and a standard deviation of $400. Its
density curve is given below.

 

(c)If you randomly pick 100 one-bedroom apartments, describe the
sampling distribution of their average rent. Indicate the mean, standard
deviation, and shape.

 

(d)If you randomly pick 100 one-bedroom apartments, find the probability
that their average rent is above $800.

Density Curve of Rent
10
15
20
25
30
Rent of One-Bedroom Apartment ($100)
Density
0.02
000
0.10
0.12
900
800
Transcribed Image Text:Density Curve of Rent 10 15 20 25 30 Rent of One-Bedroom Apartment ($100) Density 0.02 000 0.10 0.12 900 800
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