Question #2000664: Other Probability Problems

Question: Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability.

A study of 800 homeowners in a certain area showed that the average value of the homes is $182,000 and the standard deviation is $15,000. If 50 homes are for sale, find the probability that the mean value of these homes is more than $185,000.

Solution: The solution consists of 106 words (1 page)
Deliverables: Word Document

Like it? Share with your friends!


log in

reset password

Back to
log in
Do NOT follow this link or you will be banned from the site!