Question
I need help with these homework questions please . 1) According to the BPDA report, in 2017, the average gross monthly rent paid by residents
I need help with these homework questions please .
1) According to the BPDA report, in 2017, the average gross monthly rent paid by residents of Boston was $1,541, with a standard deviation of $485. Suppose a sample of 200 Boston residents is randomly selected. What are the mean and standard deviation of the sampling distribution of sample mean? Round standard deviation to at least two decimal places.
2) In a sample of 200 residents, what is the probability that the mean gross monthly rent falls between $1,500 and $1,600? Round your answer to at least three decimal places.
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