document.write( "Question 360768: The average monthly mortgage payment for recent home buyers in certain city is μ = $732, with standard deviation of σ = $421 A random sample of 125 recent home buyers is selected. The approximate probability that their average monthly mortgage payment will be more than $782 is:\r
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document.write( " A. 0.3822
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document.write( " B. 0.0918
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document.write( " C. 0.1976
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document.write( " D. 0.4556
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Algebra.Com's Answer #257448 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The average monthly mortgage payment for recent home buyers in certain city is μ = $732, with standard deviation of σ = $421 \n" ); document.write( "A random sample of 125 recent home buyers is selected. \n" ); document.write( "The approximate probability that their average monthly mortgage payment will be more than $782 is ? \n" ); document.write( "--- \n" ); document.write( "t(782) = (782-732)/[421/sqrt(125)] = 4.4721 \n" ); document.write( "--- \n" ); document.write( "P(x-bar > 782) = P(t > 4.4721 when df = 124) \n" ); document.write( "= tcdf(4.4721,100,124) = 0.00000838 \n" ); document.write( "-------------------- \n" ); document.write( "There must be a typo here some place. \n" ); document.write( "-------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "----- \n" ); document.write( "A. 0.3822 \n" ); document.write( "B. 0.0918 \n" ); document.write( "C. 0.1976 \n" ); document.write( "D. 0.4556 \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |