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A construction company in Napies, Florida, is struggling to sell condominiums. In order to attract buyers, the company nas made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. [You may find it useful to reference thez tablei) a. What is the probability that the condominium will sell at a price () below $200,000?, (ii) above $240,000? (Round "z" value to 2 decimal places and final answers to 4 decimal places.) Probability Below $200,000 Above $240,000 b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing or objectionable. The manager expects the average sale price of this condo to be the same as others at S$210,000, but with a higher standard deviation of $20,000. What is the probability that this condo will sell at a price (0) Below $200,000?, (1) Above $240,000? (Round your answers to 4 decimal places.) Probability

A construction company in Napies, Florida, is struggling to sell condominiums. In order to attract buyers, the company nas made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. [You may find it useful to reference thez tablei) a. What is the probability that the condominium will sell at a price () below $200,000?, (ii) above $240,000? (Round "z" value to 2 decimal places and final answers to 4 decimal places.) Probability Below $200,000 Above $240,000 b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing or objectionable. The manager expects the average sale price of this condo to be the same as others at S$210,000, but with a higher standard deviation of $20,000. What is the probability that this condo will sell at a price (0) Below $200,000?, (1) Above $240,000? (Round your answers to 4 decimal places.) Probability

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Check m A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company hnas made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. [You may find it useful to reference theiz tablej] B.........r a. What is the probability that the condominium will sell at a price (i) below $200,000?, (ii) above $240,000? (Round "z" value to 2 decimal places and final answers to 4 decimal places.) Probability Below $200,000 Above S240,000 nces b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing or objectionable. The manager expects the average sale price of this condo to be the same as others at $210,000, but with a higher standard deviation of $20,000. What is the probability that this condo will sell at a price ) Below $200,000?, (1) Above $240,000? (Round your answers to 4 decimal places.) Probability Mc Graw Hill Dtcation < Prev 6 of 11 Next > 656 PM Type here to search 2/21/2021 40 1GEW T CU レレ home enter D F IG H pause A Unift V alt ctri
Transcribed Image Text:Check m A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company hnas made numerous price reductions and better financing offers. Although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000. [You may find it useful to reference theiz tablej] B.........r a. What is the probability that the condominium will sell at a price (i) below $200,000?, (ii) above $240,000? (Round "z" value to 2 decimal places and final answers to 4 decimal places.) Probability Below $200,000 Above S240,000 nces b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing or objectionable. The manager expects the average sale price of this condo to be the same as others at $210,000, but with a higher standard deviation of $20,000. What is the probability that this condo will sell at a price ) Below $200,000?, (1) Above $240,000? (Round your answers to 4 decimal places.) Probability Mc Graw Hill Dtcation < Prev 6 of 11 Next > 656 PM Type here to search 2/21/2021 40 1GEW T CU レレ home enter D F IG H pause A Unift V alt ctri
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