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A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to the Los Angeles International Airport is $18.00 and the standard deviation is $3.50. We select a sample of 15 fares.
a. What is the likelihood that the sample mean is between $17.00 and $20.00?
b. What must you assume to make the above calculation?
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Suppose you were a real estate agent and a client asked you about the typical home in a subdivision. Being the intelligent agent you are, you have gathered the following information on each house in the subdivision: price, square footage
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You will create a PowerPoint presentation to solution the questions below. Reminisce that your audience is the management of CBC: Ensure your presentation is professional and provides sufficient explanation.
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