Apartment cost. The average cost of an apartment in the Cedar Lakes development is $62,000 USD with a standard deviation of $4,200 USD. a. What is the probability that an apartment in this development costs at least $65,000 USD? b. Is the probability that the average cost of a sample of two apartments is at least $65,000 USD greater or less than the probability that an individual apartment costs that much? By how much does it differ
Apartment cost. The average cost of an apartment in the Cedar Lakes development is $62,000 USD with a standard deviation of $4,200 USD. a. What is the probability that an apartment in this development costs at least $65,000 USD? b. Is the probability that the average cost of a sample of two apartments is at least $65,000 USD greater or less than the probability that an individual apartment costs that much? By how much does it differ
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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Apartment cost. The average cost of an apartment in the Cedar Lakes development is $62,000 USD with a standard deviation of $4,200 USD.
a. What is the
b. Is the probability that the average cost of a sample of two apartments is at least $65,000 USD greater or less than the probability that an individual apartment costs that much? By how much does it differ?
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