The average cost to rent a single-family home in Okeechobee is $1,313 per month. Assume that the distribution of the monthly rent of all single-family homes in Okeechobee is normally distributed with a standard deviation of $66. Use this information to determine the following probabilities. Round solutions to four decimal places, if necessary. Find the probability that a random sample of 57 homes in Okeechobee has a mean rent less than $1,342. Find the probability that a random sample of 57 homes in Okeechobee has a mean rent between $1,309 and $1,330.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
Question

The average cost to rent a single-family home in Okeechobee is $1,313 per month. Assume that the distribution of the monthly rent of all single-family homes in Okeechobee is normally distributed with a standard deviation of $66. Use this information to determine the following probabilities. Round solutions to four decimal places, if necessary.

Find the probability that a random sample of 57 homes in Okeechobee has a mean rent less than $1,342.



Find the probability that a random sample of 57 homes in Okeechobee has a mean rent between $1,309 and $1,330.
 

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