How much bigger is TR (200) than TR (199)?
1 answer:
Answer:
1. TR
2. TR(4)
Step-by-step explanation:
These problem are an algebra related problems,
let us begin with the first expression
how much bigger is TR (200) than TR (199)
to solve this we need to carry out subtraction operation on both terms
i,e
Step one
Step two
For the second expression What is the difference of TR (546) – TR (540)
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Answer:
96.49% probability that the mean rent is more than $1100
Step-by-step explanation:
To solve this question, we need to understand the normal probability distribution and the central limit theorem.
Normal probability distribution
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
Central Limit Theorem
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
In this problem, we have that:
What is the probability that the mean rent is more than $1100?
This is 1 subtracted by the pvalue of Z when X = 1100. So
By the Central Limit Theorem
has a pvalue of 0.0351
1 - 0.0351 = 0.9649
96.49% probability that the mean rent is more than $1100