In a certain section of Southern California, the distribution of monthly rent for a onebedroom apartment has

Question:

In a certain section of Southern California, the distribution of monthly rent for a onebedroom apartment has a mean of $2,200 and a standard deviation of $250. The distribution of the monthly rent does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 50 one-bedroom apartments and finding the mean to be at least $1,950 per month?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...