Mathematics, 13.05.2021 20:40 ann200205

In a certain section of Southern California, the distribution of monthly rent for a one-bedroom apartment has a mean of $2,275 and a standard deviation of $290. The distribution of the monthly rent does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 65 one-bedroom apartments and finding the mean to be at least $2,095 per month

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100% probability of selecting a sample of 65 one-bedroom apartments and finding the mean to be at least $2,095 per month

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 normal distributions can be solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the z-score of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

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 p-value, 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 $\mu$ and standard deviation $\sigma$ , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean $\mu$ and standard deviation $s = \frac{\sigma}{\sqrt{n}}$ .

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Mean of $2,275 and a standard deviation of $290.

This means that $\mu = 2275, \sigma = 290$

Sample of 65:

This means that $n = 65, s = \frac{290}{\sqrt{65}}$

Finding the mean to be at least $2,095 per month

This is 1 subtracted by the p-value of Z when X = 2095. So

$Z = \frac{X - \mu}{\sigma}$

By the Central Limit Theorem

$Z = \frac{X - \mu}{s}$

$Z = \frac{2095 - 2275}{\frac{290}{\sqrt{65}}}$

Z = -5

Z = -5 has a p-value of 0.

1 - 0 = 1

100% probability of selecting a sample of 65 one-bedroom apartments and finding the mean to be at least $2,095 per month

Answer from: Quest

Look i don’t know the answer to this but someone else will so just wait a little bit longer

Answer from: Quest

step-by-step explanation:

hello and welcome!

so, when we see the words "proportional" along with a table, we need to know that we're looking numbers that divide by the same thing.

looking at this table, we simply have to do a trial and error, and divide to see which numbers have the same quotient. if you look at choice a & c, they both have equal quotients for three of the numbers, with one exception, so those can't be the answer. looking at b, there is no similarity, so that can't be it. then, we see d; if you divide all the numbers in the table, you'll see that they all divide by two, which is a proportional relationship, and our answer!

$4/2 = 2\\7/3.5=2\\8/4=2\\10/5=2$

also, always remember that the x will always be the number that goes into y, and somewhere behind this table, is a formula. for this specific table, the formula would be:

$y=\frac{x}{2}$

since our x-value is being divided by two to get the y-value. and if they were to ask for more numbers in the series, this is the formula you would use to find them.