(e) Do you think it would be unusual for an individual apartment to have a rent greater than $2700? Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places. (Choose one) ▼ because the probability that an apartment has a rent greater than $2700 is High-rent district: The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2550. Assume the standard deviation is $485. A real estate firm samples 85 apartments. Use Excel.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
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(e) Do you think it would be unusual for an individual apartment to have a rent greater than $2700? Explain. Assume the variable is normally distributed.
Round the answer to at least four decimal places.
(Choose one) ▼
because the probability that an apartment has a rent greater than $2700 is
Transcribed Image Text:(e) Do you think it would be unusual for an individual apartment to have a rent greater than $2700? Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places. (Choose one) ▼ because the probability that an apartment has a rent greater than $2700 is
High-rent district: The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2550. Assume the standard deviation is $485. A
real estate firm samples 85 apartments. Use Excel.
Transcribed Image Text:High-rent district: The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2550. Assume the standard deviation is $485. A real estate firm samples 85 apartments. Use Excel.
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