Math Problem Statement
what it be unusual if the sample mean were greater than $2871? yes or no, because the probabilitt that the sample mean is greater than $2871 is what
Solution
To determine if it would be unusual for the sample mean to be greater than $2871, we need to calculate the probability that the sample mean is greater than this value. If the probability is very low (typically less than 5%, or 0.05), then it would be considered unusual.
Here are the key details from the problem:
- Population mean () = $2643
- Standard deviation () = $502
- Sample size () = 102
We will use the Central Limit Theorem to calculate the probability. The Central Limit Theorem tells us that the sampling distribution of the sample mean is normally distributed with:
Next, we calculate the Z-score for the value $2871 using the formula:
Where , and then find the corresponding probability.
Let me calculate this for you.The Z-score for a sample mean of $2871 is approximately 4.59. The probability that the sample mean is greater than $2871 is approximately 0.00000225, or 0.000225%.
Since this probability is extremely low (far less than 0.05 or 5%), it would indeed be considered unusual for the sample mean to be greater than $2871.
Would you like further details on this, or have any other questions?
Here are 5 related questions you could explore:
- How would the result change if the standard deviation were larger?
- What happens if the sample size is reduced to 50 apartments?
- How do you calculate the probability for a range of sample means (e.g., between $2500 and $2700)?
- Why is the Central Limit Theorem important in this problem?
- What is the Z-score interpretation, and how does it relate to normal distributions?
Tip: In hypothesis testing, results with probabilities under 0.05 are typically considered statistically significant or unusual.
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Math Problem Analysis
Mathematical Concepts
Probability
Sampling Distributions
Normal Distribution
Formulas
Standard error (SE) = σ / √n
Z-score = (X - μ) / SE
Theorems
Central Limit Theorem
Suitable Grade Level
Undergraduate Statistics
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