The mean rent of a 3-bedroom apartment in Orlando is $1200. You randomly select 12 apartments around town. The rents are normally distributed with a standard deviation of $75. What is the probability that the mean rent is more than $1000?

Answer 1

A music industry researcher wants to estimate, with a 90% confidence level, the proportion of young urban people (ages 21 to 35 years) who go to at least 3 concerts a year. Previous studies show that 21% of those people (21 to 35 year olds) interviewed go to at least 3 concerts a year. The researcher wants to be accurate within 1% of the true proportion. Find the minimum sample size necessary.

Answer 2

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