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Carlos Aviles
on Dec 14, 2024

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If the monthly rent of all one-bedroom apartments in a small town are known to be normally distributed with a mean equal to $175 a month and standard deviation of $35, which of the following would be the highest individual rent that you might expect to find?

A) about $195
B) about $210
C) about $245
D) about $280
E) More information is needed to answer the question.

Standard Deviation

It quantifies the dispersion of a dataset by calculating the average distance of each data point from the mean.

Monthly Rent

Refers to the periodic payment made to a landlord or property owner for the use of a residence or commercial space.

One-Bedroom Apartments

Living spaces designed to include one bedroom along with other living areas such as a living room, kitchen, and bathroom.

  • Understand the connection between distributions of population and distributions of samples.
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Fabiola Perez TorresDec 21, 2024
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