farrin8804 farrin8804

23-01-2024
Business

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The real estate group NY reports that the mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2853. Assume the standard deviation is $411. A real estate firm samples 106 apartments. What is the probability that the sample mean rent is less than $2879.75?
a) Cannot be determined
b) Less than 0.5
c) Exactly 0.5
d) Greater than 0.5

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