THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 39

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The mean selling price of new homes in a city over a year was $120,000.The population standard deviation was $28,000.A random sample of 100 new home sales from this city was taken.
-What is the probability that the sample mean selling price was more than $116,000?

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Definitions:

Potential Employers

Entities or individuals who might consider hiring someone for a job position based on the applicant's qualifications and their organizational needs.

Sincere Praise

Genuine commendation or approval, typically directed towards someone to acknowledge their accomplishments or qualities.

New Neighbors

Individuals or families that have recently moved into a new residential area or community.

Subdivision

The act of dividing land into pieces that are easier to sell or otherwise develop, or a residential area made by such division.