Ask
your own question, for FREE!
Mathematics
28 Online
OpenStudy (anonymous):
Artie Fact wants to determine the total value of all of the houses in his city. So he goes to the tax Assessor's Office and looks up the value of 30 houses in the city. He finds that the averages of these houses is about $87,300 houses , with a standard deviation of $5,400. From the tax rolls he finds that there are 7468 within the city limits. So he concludes that the total value of the houses is about 652 million dollars. Is this a reasonable estimate? Use the Central Limit Theorem to determine your answer.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Rosee5656:
ALR so I'm confused about one thing, why do people try to go for the ankles and s
2 hours ago
4 Replies
2 Medals
suger:
Thoughts? The white lights shimmer on the moon lit beach where my wedding took place.
4 hours ago
10 Replies
1 Medal
SnowyBreaks:
Can someone help me with this math problem I'm stuck on it file:///home/chronos/u-aa2fe6c6dc7e25032ada724dd3dfe4fb959c9a71/MyFiles/Downloads/Screenshot%2020
8 hours ago
4 Replies
0 Medals
Wolf95:
Would anyone miss me if I kill myself tonight, would anyone care if I did Knowing
6 hours ago
8 Replies
2 Medals