4. The price of a new condominium unit in Bonifacio Global City is normally distributed with a mean price of 8,500,000 and a standard deviation of 920,000. Find the minimum and maximum price to attract the middle 90% of this market.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 7PPS
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4. The price of a new condominium unit in Bonifacio Global City is normally distributed with a mean price
of 8,500,000 and a standard deviation of 920,000. Find the minimum and maximum price to attract the
middle 90% of this market.
5. Test score for the Manila Science High school are normally distributed with a mean of 92 and standard
deviation of 13. To qualify, candidates must score in the top 10%. Find the lowest possible score to qualify.
6. Suppose that a population consists of the values 11, 13, 15, 17, and 20. Do the following:
(a) find the population mean, variance, and standard deviation;
(b) list all possible samples of size 2 selected without replacement; and
(c) find the mean, variance, and standard deviation of the sampling distribution.
7. The average price of a kilogram of ham is 1,300. Assume that the standard deviation is 150. If a random
sample of 30 one-kilogram packages is selected, find the probability that the sample will be less than 1,260.
Transcribed Image Text:4. The price of a new condominium unit in Bonifacio Global City is normally distributed with a mean price of 8,500,000 and a standard deviation of 920,000. Find the minimum and maximum price to attract the middle 90% of this market. 5. Test score for the Manila Science High school are normally distributed with a mean of 92 and standard deviation of 13. To qualify, candidates must score in the top 10%. Find the lowest possible score to qualify. 6. Suppose that a population consists of the values 11, 13, 15, 17, and 20. Do the following: (a) find the population mean, variance, and standard deviation; (b) list all possible samples of size 2 selected without replacement; and (c) find the mean, variance, and standard deviation of the sampling distribution. 7. The average price of a kilogram of ham is 1,300. Assume that the standard deviation is 150. If a random sample of 30 one-kilogram packages is selected, find the probability that the sample will be less than 1,260.
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