The average price for an acre of land in Texas is N(2700, 780 2 ) in dollars. Jaime will survey 121 plots of land in the Brazos county to make sure that they are priced the same as the rest of Texas....


The average price for an acre of land in Texas is


N(2700, 7802)

 in dollars. Jaime will survey 121 plots of land in the Brazos county to make sure that they are priced the same as the rest of Texas. Assuming that the Brazos county is actually priced similar to the rest of Texas, find the probability that the first plot of land that Jaime surveys will have a price higher than $3,352.
Use 4 decimal places.



Jun 09, 2022
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