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The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2631.Assume that the standard deviation is $400. A real estate firm
The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2631.Assume that the standard deviation is $400.
A real estate firm samples84 apartmentsin Manhattan.
What is the probability that the mean of the rents from this sample isless than $2450?First find the z-score, then compute the probability.
1. Z-score (rounded to 2 decimal places.):
2. The probability (rounded to 4 decimal places.) :______________________
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