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In given problem, give 0.95 probability bounds on the value of the sample mean that would be obtained. Also give 0.90 probability bounds on the value of the sample mean.

Problem :-
Residential real estate in New York rents for an average of $44 per square foot, for a certain segment of the market. If the population standard deviation is $7, and a random sample of 50 properties is chosen, what is the probability that the sample average will be below $35?

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Category:- Statistics and Probability
Reference No.:- M92182134

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