The rent for a one-bedroom apartment in southern california, Ask an Expert

Statistics

The rent for a one-bedroom apartment in Southern California follows the normal distribution with a mean of $2,075 per month and a standard deviation of $300 per month. The distribution of the monthly costs does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 55 one-bedroom apartments and finding the mean to be at least $1,985 per month?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91005610

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Suppose that 20 of men p20 and 15 of women p 15 are

Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...

How does the cost of capital affect capital investments

How does the cost of capital affect capital investments that the firm makes? Cite examples.

The distribution of actual weights of 8-oz chocolate bars

The distribution of actual weights of 8-oz chocolate bars produced by a certain machine is normal with mean 7.7 ounces and standard deviation 0.2 ounces. a) What is the probability that the average weight of a random sam ...

A data firm records a large amount of data

A data firm records a large amount of data. Historically, 1.0% of the pages of data recorded by the firm contain errors. If two hundred pages of data are randomly selected? a. What is the probability that six or more pa ...

Jen amp barrys fast fresh salad bags starts with 280000

"Jen & Barry's Fast Fresh Salad Bags" starts with $280,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly l ...

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

Depaul university makes student ids of length 5 characters

DePaul University makes student IDs of length 5 characters by picking 2 letters from D,E,P,A,U,L; no repetitions and the order is not important followed by picking 3 digits from 0,1,2,3,4,5,6,7,8,9; no repetitions and th ...

Could you please teach me why the following question is

Could you please teach me why the following question is considered True. "True or False? Based expected value an investment that produces a payoff of $10 with probability 0.3 and -$3 with probability 0.7 is a viable inve ...

A recent study reported that the prevalence of

A recent study reported that the prevalence of hyperlipidemia is 30% in children 2 to 6 years of age. If 12 children are analyzed what is the probability that at least 3 are hyperlipidemic?

A researcher wants to determine if lead levels are

A researcher wants to determine if lead levels are different between the top of a glass of water and the bottom of a glass of water. Many samples of water are taken. From half, the lead level at the top is measured and f ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert