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What is the probability that the sample average is greater

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Reference no: EM131671401

Question: Suppose a subdivision on the southwest side of Denver, Colorado, contains 1,500 houses. The subdivision was built in 1983. A sample of 100 houses is selected randomly and evaluated by an appraiser. If the mean appraised value of a house in this subdivision for all houses is $177,000, with a standard deviation of $8,500, what is the probability that the sample average is greater than $185,000?

Reference no: EM131671401

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