Business, 07.03.2020 05:45 john3195

The rent for a one-bedroom apartment in Southern California follows the normal distribution with a mean of $2,200 per month and a standard deviation of $250 per month. The distribution of the monthly costs does not follow the normal distribution. In fact, it is positively skewed. What is the probability of selecting a sample of 50 one bedroom apartments and finding the mean to be at least $1,950 per month?

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