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ETF1100 - Business statistics - S2 2025

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Report the lower bound of

the 95% confidence interval of the population mean of Area. Give your answer to three decimal places.

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A first home buyer is looking to purchase a property in this Melbourne suburb. She is only considering old houses that is small in size. What land area (or smaller than that area) should she consider if she would like to purchase a house that is amongst the 20% smallest properties in the market?  Provide your answer in square metre unit, and only provide numerical answer. No need to input the unit.

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What is the probability that a randomly selected old house is larger than 800sqm?  Provide your answer in decimal, and report it to 4 decimal places.  Do not report as a percentage.
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What is the probability that a randomly selected new house is larger than 800sqm? Provide your answer in decimal, and report it to 4 decimal places.  Do not answer as a percentage.
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Which of the following

statement is false?

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True or false: New houses tend to be smaller in

land area.

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What is the probability that respondents who live in their own homes intends to switch provider? Provide your answer as a percentage and report it to two decimal places (e.g. xx.xx).  You do not need to add the % sign.

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What is the probability that a randomly selected respondent owns their property and intends to switch provider in the next six months? Provide your answer as a percentage and report it to two decimal places (e.g. xx.xx).  You do not need to add the % sign.

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Which of the following statement(s) are true?
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0%
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What is the probability that a randomly selected respondent lives in a rental property? Provide your answer as a percentage, and report it to 2 decimal places (e.g. xx.xx). You do not need to add the % sign.
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