A new housing estate contains 1500 houses. A sample of 100 houses is selected randomly and evaluated

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A new housing estate contains 1500 houses. A sample of 100 houses is selected randomly and evaluated by a real estate agent. If the mean appraised value of a house for all houses in this area is $300000 with a standard deviation of $10500, what is the probability that the sample average is greater than $303000?

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Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

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