According to the latest real estate report from a suburban town, the mean number of home purchases during last quarter was 175 homes with a population standard deviation of 6 homes. A real estate agent believes that the recent increase of mortgage interest rates is causing a decline in home purchases. To test this, the real estate agent randomly selects 60 recent home purchases. What is the probability that the mean of this sample of home purchases is between 173 and 174 homes

Answers

Answer 1

Answer:

The probability that the mean of this sample of home purchases is between 173 and 174 homes

P(173≤X≤174) = 0.0936

Step-by-step explanation:

Step(i):-

Given that the mean of the Population = 175

Given that the standard deviation of the Population = 6

Let 'x⁻' be the mean of the random sample

Given that  x₁⁻ = 173

[tex]Z_{1} = \frac{x^{-}-mean }{\frac{S.D}{\sqrt{n} } } = \frac{173-175}{\frac{6}{\sqrt{60} } } =-2.58[/tex]

Given that  x₂⁻ = 174

[tex]Z_{2} = \frac{x^{-}-mean }{\frac{S.D}{\sqrt{n} } } = \frac{174-175}{\frac{6}{\sqrt{60} } } = -1.29[/tex]

Step(ii):-

The probability that the mean of this sample of home purchases is between 173 and 174 homes

P(X₁≤X≤X₂)      = P(Z₁≤Z≤Z₂)

                       = P(Z≤Z₂) - P(Z≤Z₂)        ( both values 'Z' values are negative)

                       = 0.5 -A(Z₁) - (0.5 -A(Z₂))

                      = |A(Z₂) -A(Z₁)|

P(173≤X≤174)     =   | A(2.58)-A(1.29)|

                  = 0.4951 - 0.4015       (∵ from normal table)

                = 0.0936

Final answer:-

The probability that the mean of this sample of home purchases is between 173 and 174 homes

P(173≤X≤174) = 0.0936

           


Related Questions

What is the simple interest earned on an $4,350 investment for 5 years at a rate of 2%?

Answers

Hey!

A = $4,785.00

I = A - P = $435.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year.

Solving our equation:

A = 4350(1 + (0.02 × 5)) = 4785

A = $4,785.00

The total amount accrued, principal plus interest, from simple interest on a principal of $4,350.00 at a rate of 2% per year for 5 years is $4,785.00.

--------------------------------------------------

Hope you have a great day and this helped in some way <33

Type the correct answer in each box. If necessary, use / for the fraction bar(s).
Find the solution for this system of equations.

12x + 15y = 34
-6x + 5y = 3

Answers

Answer:

x=5/6 and y=8/5

(5/6 , 8/5)

Step-by-step explanation:

You can use the elimination method! The point of this method is to add or subtract one equation from the other, multiplying them by constants if necessary, to cancel out one variable so you can solve for the other. Then, you can plug the value you got for your solution into either equation to solve for the other. I'll demonstrate.

Look at the two equations and the coefficients of both variables. You have 12x and -6x -- 6*2=12, so this is perfect. (You could also eliminate the y because 5*3=15, but I'll show you by eliminating the x instead.)

Here's what that looks like:

(-6x+1y=3)2

-12x+10y=6

So we just multiplied the second equation by 2 on both sides. Let's see how that helps us.

12x+15y=34

-12x+10y=6

If we add the two equations now, x will be canceled out and we can solve for y.

   12x+15y=34

+(-12x+10y=6)

___________

     0x+25y=40

           25y=40

0x=0, so we can get rid of the x. Now, we need to solve for y.

25y=40

y=40/25

You probably know how to simplify fractions, so divide both the numerator and the denominator by 5 to get y=8/5.

Now you can use this value in either equation and solve for x. I'll use the first. (This is called substitution.)

12x+15(8/5)=34

12x+3(8)=34 <-- What I did here is cancel out the 5 in the denominator with 15 to leave 3, because 5*3=15.

12x+24=34

12x=10

x=10/12

x=5/6 (Divide the numerator and denominator by 2.)

You can write your answer as a point, too. (5/6 , 8/5)

The students in a club are selling flowerpots to raise money.Each flowerpot sells for $15.

Part A

Write an expression that represents The total amount of money, in dollars, The students raise from selling flowerpots.
Answer your expression in the box provided. Enter only your expression.Please hurry!

Answers

Answer:

y = 15x

Step-by-step explanation:

For every flower pot purchased (y), the quantitity of the price (x) will go up by $15.

Answer:

y = 15x

Step-by-step explanation:

Help will mark brainliest show steps pls

Answers

Answer:

at first , you need the sum of both equations . It will be like :

2y= 0 + 2

Y=1

_____

now that you know the value of Y , place it in the one of the equation that you like , forexample i place it in the second equation and find out that the value of x is ( -3/2)

1= 2X+5

-4=2X

X= -2

Hope it helps , good luck ^.^

Y = -2x - 3
Y = -2 + 5

-2x - 3 = 2x + 5

x= -2

y= -2 x (-2) -3

y= 1

( x, y) = (-2, 1)

The answer is (-2, 1)

The scores on a psychology exam were normally distributed with a mean of 65 and a standard deviation of 6. What is the standard score for an exam score of 74?

Answers

Answer:

z = 1.5

Step-by-step explanation:

                               x - mean

standard score = -----------------

                                     6

Substituting 74 for x, 65 for mean, we get:

                               74 - 65

standard score = ----------------- = 9/6 = 1.5

                                     6

The pertinent z-score (standard score) is 1.5.

Answer:

Solution :-

Score = 74 - 65/6

Score = 9/6

Hence

Score is 9/6 or 1.5

[tex] \\ [/tex]

In quadratic functions/equations; roots/solutions/x-intercepts/zeros all represent the same values/points.

True

False

Answers

Answer:

True

Step-by-step explanation:

Solutions to quadratic equations are often called

roots / zeros / x- intercepts

need help w this! will give brainliest and thanks to best answer :o) tysm<3

Answers

Answer:

A. They will pay more with the new price plan.

B. The new price plan would be cheaper.

Step-by-step explanation:

A. They will pay more with the new price plan.

For the current price plan, you would add the $3 rent to the two games (which are $4 each). This basically means:

$3 + $4 + $4 = $11

For the new price plan, you would add the $11 rent to the two games (which are $2 each). This basically means:

$11 + $2 + $2 = $15

Therefore, you pay more for the new price plan.

B. Using similar logic as part A, the current price plan 7 games would cost:

$3 + [7 x ($4)] = $31    (multiply by 7 since they play 7 games)

For the newprice plan, 7 games would cost:

$11 +  [7 x ($2)] = $25    (multiply by 7 since they play 7 games)

Therefore, the new price plan would be cheaper.

Hope this helps :)

Daniel is baking cookies but does not have all of the he needs. The ratio of flour:sugar in his recipe is 3:2cups. If he only has 1.5cups of sugar, how much flour should he use to keep the ratio the same?

Answers

Answer:

Step-by-step explanation:

3:2 = 2.5:1.5

half of 2 is 1 so if you had 1.5 it would only be half. For a better explanation, 1 minute is 60 seconds half of a minute is 30 seconds. if you have 45 seconds it would be 3/4 of a second. this is hard for me to explain so if you need more examples just tell me in the comments.

i hope this helps

have a nice day/night

mark brainliest please:)

On a test that has a normal distribution, a score of 32 falls three standard
deviations below the mean, and a score of 82 falls two standard deviations
above the mean. Determine the mean of this test.

Answers

Answer:

Mean = 62

Step-by-step explanation:

X = mean ± sd

82 = mean + 2(s.d) - - (1)

32 = mean - 3sd ___(2)

82 = mean + 2sd

82 - 32= 2sd + 3sd

50 = 5sd

sd = 50/5

sd = 10

From (2):

32 = mean - 3sd

32 = mean - 3(10)

32 = mean - 30

32 + 30 = mean

62 = mean

() = 0.50, () = 0.70, ( ∪ ) = 0.85 Are the events, and , independent in this situation? You must provide reasoning for your answer.

Answers

Answer:

Independent events

Step-by-step explanation:

Given

[tex]P(A) = 0.50[/tex]

[tex]P(B)= 0.70[/tex]

[tex]P(A\ u\ B) = 0.85[/tex]

Required

Determine the relationship between the events

To do this, we simply calculate P(A n B) using:

[tex]P(A\ n\ B) = P(A) * P(B)[/tex]

and

[tex]P(A\ n\ B) = P(A) + P(B) - P(A\ u\ B)[/tex]

So, we have:

[tex]P(A\ n\ B) = P(A) * P(B)[/tex]

[tex]P(A\ n\ B) = 0.50 * 0.70[/tex]

[tex]P(A\ n\ B) = 0.35[/tex]

and

[tex]P(A\ n\ B) = P(A) + P(B) - P(A\ u\ B)[/tex]

[tex]P(A\ n\ B) = 0.50 + 0.70 - 0.85[/tex]

[tex]P(A\ n\ B) = 0.35[/tex]

Since: [tex]P(A\ n\ B) = P(A) * P(B)[/tex] [tex]= 0.35[/tex]

Then: the events are independent

Use the GCF and distributive property to write an equivalent expression.

Answers

Answer:

2

6

9

Step-by-step explanation:

Because if you pay attention to our teacher he told us how to respond it!

Rectangular prism surface area

Answers

Answer:

Surface area is the sum of the areas of all faces (or surfaces) on a 3D shape. A cuboid has 6 rectangular faces. To find the surface area of a cuboid, add the areas of all 6 faces. We can also label the length (l), width (w), and height (h) of the prism and use the formula, SA=2lw+2lh+2hw, to find the surface area.

PLEASE HELP
A company makes two different size ice cream cones The small accounts are 3.5 inches tall and have a diameter of 3 inches The large cones are5.1 inches tall and have a diameter of 4.5 inches about how much greater to the nearest 10th of Cubic inch is the volume The larger cone than the smaller cone 

Answers

Answer:

19.545

Step-by-step explanation:

dba algebra 2 module 2 flvs what's on it​

Answers

Answer:

Uh i dont really get it

Step-by-step explanation:

best of luck though


The circle graph shows how William spends his day on average. If he sticks
to this schedule, how many hours will William spend sleeping over the
course of a week (7 days)? ()
17% 11%
10%
А
A) 75.6 hours
B) 78.2 hours
C) 814 hours
Watching TV
Video Games
Fating
Working
45 %Sleeping
27%
D) 848 hours

Answers

Answer:

d

Step-by-step explanation:

i did the math

Which angles are supplementary to 16? Select all that apply.

Answers

Answer:

Step-by-step explanation:

15,13,11,9,1,3,5,7

Answer:

13

Step-by-step explanation:

Supplementary angles add up to 180 and angles on a straight line add up to 180 so 13

Which expression is equivalent to (-3)x+(3)(-12)?

Answers

Answer:

Step-by-step explanation:

(-3)x + (3)(-12)

= -3x -36

or -3(x + 12)

Answer:

Step-by-step explanation:

(-3)x + 3(-12) = (-3) (x + 12)

(-3) is both the two terms. So we can take (-3) as common

helppppppppppppppppp​

Answers

Answer:

32.2-32.61

Step-by-step explanation:

ASAP What is 94737638 x -9376383889483 this is a real question plz help!!!

Answers

Answer:

-8.8829646e+20

Step-by-step explanation:

Answer:

Step-by-step explanation:

Remark

94737638 x -9376383889483

The exact answer can be found by using the calculator that comes with windows (windows 7 if you are using that. Windows 10 for sure.). It can give exact answers up to 18 digits (or that's what I thought. This question is an astonishing 21 digits). The answer to this question is

-888,296,462,670,872,461,154

I don't know if Apple has a calculator that comes with its operating system. I would think so, but I don't know. I use a PC.

help ASAP Ill mark u brainliest

Answers

Answer:

30% or none of these

Step-by-step explanation:

since least of the girls voted for biking it would be the least percent amount.

Hope this helped and have a wonderful day! <3 :))

A new car is purchased for 20300 dollars. The value of the car depreciates at 8.75% per year. What will the value of the car be, to the nearest cent, after 12 years?

My question is more on how do I know how to change the percentage, and what to change it to.

Answers

Answer:

Therefore, after 12 years the car will value $6,765.35.

Step-by-step explanation:

how many 5-digit passwords can I make out of the English alphabet. lowercase only​

Answers

Answer:

7,893,600 different combinations

Step-by-step explanation:

Answer:

We have a total.of 26 alphabets in the english language and numbers 0 to 9 will be 10.

Since there are no other limitations, we have to arrange 8 places with the 36 options we have.

It will simply be 36c8.

The answer will be 3,02,60,340.

2.07x2.4 plz help quick i need this

Answers

Answer:

2.07x2.4=4.968

Step-by-step explanation:

Answer:

4.968

Step-by-step explanation:

T=21and u =4 what is \sqrt(t+U)

Answers

Answer: 5

Step-by-step explanation: 21 + 4 = 25

square root of 25  = 5

Answer and Step-by-step explanation:

T = 21

U = 4

[tex]\sqrt{ 21 + 4} \\\\\\\sqrt{25} \\\\\\5[/tex]

5 is the answer to the expression.

#teamtrees #PAW (Plant And Water)

Hello I was wondering if someone would help me with this tricky question?

Answers

Answer:

The two coordinates should be (6, 3) and (10, 4).

Step-by-step explanation:

rise / run

y-value of the 2nd coordinate = 3 + 1 = 4

x-value of the 2nd coordinate = 6 + 4 = 10

The two coordinates should be (6, 3) and (10, 4).

Joe's lunch at a restaurant cost $18.00 without tax he leaves the server a tip of 14% of the cost of lunch without tax what is the total cost of lunch including tip without tax​

Answers

Ok. So 14% of 18.00 can be figured out without a calculator. 18.00 / 10 = 1.80 = 10%.

(18.00 / 100) x 4 = 0.72

1.80 + 0.72 = $2.52 is the tip.

$18 + $2.52 = $20.52

⭐ Answered by Foxzy0⭐

⭐ Brainliest would be appreciated, I'm trying to reach genius! ⭐

⭐ If you have questions, leave a comment, I'm happy to help! ⭐

help wrong answers reported​

Answers

Answer:

65

Step-by-step explanation:

all triangles angles equal 180°

180-72-43=65

A whale is at the surface of the ocean to breathe. What is the whale's elevation?

Answers

0 because it’s at the surface

PLSSSSSSSS HELP MEHHHHHH 12 pointsssss

Answers

Answer:

10

Step-by-step explanation:

Answer:

what do you mean?

Step-by-step explanation:

Choose all the values that are solutions to the inequality x > -4.
A. 2
B. 10
C. -8
D. -6
E. -3​

Answers

This is really simple any of the values that are larger than -4 should be correct, those values would be -3, 2, 10 (A,B,E)
Other Questions
When parents reproduce, they pass different versions of genes, or _____, for different traits to their ____. VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST. What is the number of particles after gluecose is mixed with water Eugenia gasto 10 euros en el quiosco, compro 5 bocaditos, un paquete de galletas que costaba 1 euro y pag 4 euros que debia cuanto cuesta cada bocadito? The consumption of fossil fuels could be if people switched to cleaner sources of energy, such as . Doing so would also help reduce habitat destruction caused by activities such as Which of the following is not considered to be a surface water?A) aquiferB)ponds C)wetlands D)river Translate the sentence into an inequality.Twice c is at most 19. Is England a Compact, Elongated, Prorupted, Perforated or Fragmented country?Is Palestine a Compact, Elongated, Prorupted, Perforated or Fragmented country? Find the area of the circle. Round your answer to the nearest whole number, if necessary.The circle is 20 in fully 10 halfarea: about in.2 What is the term for a strong response to a harmless antigen in the environment? Notice the word Harmless in the question.a. inflammatory responseb. an autoimmune diseasec. cell-mediated immunityd. an allergy ILL MARK BRAINLIESTTTTT Find the height of a prism whose volume is 108 cm3and the area of the base is 15 cm2. A landscaping company placed two orders with a nursery. The first order was for 13 bushes and 4 trees, and totaled $327.50. The second order was for 6 bushes and 2 trees, and totaled $142.96. Sam tried to use system of equation to solve the problem If "b" represents bushes and "t" represents trees which system can Sam use? A 13b + 2t = 327.50 6b + 4t = 142.96 B. 13b + 4t = 142.96 6b + 2t = 327.50 C 4b + 13t = 327.50 2b + 6 = 142.96 D 13b + 4t = 327.50 6b + 2t = 142.96 The land circled on the map above can best be described as _________.A. suitable for cattle ranching B. suitable for crop farmingC. generally unproductive landD. suitable for dairying Space shuttle Challengerexploded because of O-ring failure shortly after it was launched. O-ring damage and temperature at time of launch for the 23 space shuttle flights that preceded the Challenger. The data is reproduced below.Flights with O-ring damage 43 57 58 63 70 70 75Flights with no O-ring damage 66 67 67 67 68 69 70 70 72 73 75 76 76 78 79 81Is the mean launch temperature for fights with O-ring damage significantly less than for flights with no O-ring damage? Use 5% level of significance. how do you throw a pair of clipers What is (-2, 5) and (2, 1) written in slope intercept form? Thank you! compare and contrast converting customary units of length and converting metric units of length What is the answer to this equation? 1.6Study the following temperature conversions and answer the questions thatfollowC =( F 32C) = 1.8OF = (1,8 x C) + 32The melting point of ice is 0C, what is this temperature in degrees21.7Fahrenheit?21.8Determine the temperature in degrees Celsius if the temperature is 95F[12]