Math  /  Data & Statistics

QuestionHigh-rent district: The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is $2557\$ 2557. Assume the standard deviation is $486\$ 486. A real estate firm samples 86 apartments. Use Excel.
Part: 0/50 / 5 \square
Part 1 of 5 (a) What is the probability that the sample mean rent is greater than $2627\$ 2627 ? Round the answer to at least four decimal places.
The probability that the sample mean rent is greater than $2627\$ 2627 is \square .

Studdy Solution
Interpret the Excel result. The probability that the sample mean rent is greater than \$2627 is approximately:
0.0909 \boxed{0.0909}

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