Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2011, the average amount of time to foreclose on a house in the U.S. was reported to be 438 days. Assume that the standard
In 2011, the average amount of time to foreclose on a house in the U.S. was reported to be 438 days. Assume that the standard deviation for this population is 126.5 days. A random sample of 50 homes that have completed the foreclosure process was selected. What is the probability that the sample average was less than 450 days?
a) 0.0129
b) 0.6179
c) 0.7486
d) 0.8686
Step by Step Solution
★★★★★
3.55 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
c 07486 Here mean 438 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
6092274313e41_22814.pdf
180 KBs PDF File
6092274313e41_22814.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started