Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rent for 100 randomly selected 2 bedroom apartments are given in the( data in link below) https://docs.google.com/spreadsheets/d/1dLuzvJz7EW8yBG_qOkcQhzuIxJl8wTgzdeqxrEA3euI/edit?usp=sharing Use Normal Distribution Slider app and GeoGebra Probability

Rent for 100 randomly selected 2 bedroom apartments are given in the( data in link below) https://docs.google.com/spreadsheets/d/1dLuzvJz7EW8yBG_qOkcQhzuIxJl8wTgzdeqxrEA3euI/edit?usp=sharing

Use Normal Distribution Slider app and GeoGebra Probability Calculator.

  1. [3 pts] UsingGeoGebra Spreadsheets(Links to an external site.)make a histogram. Use the bin slider (pictured below in the red rectangle) to display an appropriate histogram and state the distribution. Be sure to display your image of your histogram.
  2. [2 pts] Using GeoGebra compute the sample mean and standard deviation.
  3. [4 pts] Demonstrate the calculations of theZ-score for a 2 bedroom apartment that costs $1100. Interpret your answer.
  4. [3 pts] Demonstrate and compute the probability that a 2 bedroom apartment costs more than $1008. Interpret your answer.
  5. [3 pts] Demonstrate and compute the probability that a 2 bedroom apartment costsless than $925.Interpret your answer.
  6. [3 pts] Demonstrate and compute the probability that a 2 bedroom apartment costsbetween $950 and $1025.Interpret your answer.
  7. [4 pts] Demonstrate how to determine the minimum cost of a 2 bedroom apartment in order to be in the top 9%? Interpret your answer.
  8. [1 pt] Determine the interval that makes up two standard deviations of the mean.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ordinary Differential Equations

Authors: William A Adkins, Mark G Davidson

1st Edition

1461436184, 9781461436188

More Books

Students also viewed these Mathematics questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago