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1 answer:
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Answer:
a) 0.71
b) 0.9863
Step-by-step explanation:
a. Given the mean prices of a house is $403,000 and the standard deviation is $278,000
-The probability the probability that the selected house is valued at less than $500,000 is obtained by summing the frequencies of prices below $500,000:
Hence, the probability of a house price below $500,000 is 0.71
b. -Let X be the mean price of a randomly selected house.
-Since the sample size 40 is greater than 30, we assume normal distribution.
-The probability can therefore be calculated as follows:
Thus, the probability that the mean value of the 40 houses is less than $500,000 is 0.9863
Answer:
The answer to your question is below
Step-by-step explanation:
When a denominator has a positive exponent we change it into an expression with a negative exponent and vice-versa, when a numerator has a positive exponent, we change it into a denominator with a negative exponent.
a) = p⁻⁴
b) = 25⁻¹