A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 5 years ago
Artie Fact wants to determine the total value of all of the houses in his city. So he goes to the taxAssessr'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 Value Theorem to determine your answer. Explain!
anonymous
 5 years ago
Artie Fact wants to determine the total value of all of the houses in his city. So he goes to the taxAssessr'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 Value Theorem to determine your answer. Explain!

This Question is Closed
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.