Suppose (rounded to the nearest thousand) that the mean cost of a house is $152,000 with a standard deviation of $44,000 in Pittsburgh and that house prices are normally distributed. Between what two prices do the middle 95% of houses fall in Pittsburgh? Find the probability that a house costs less than $100,000. If you are in the market for one of the most expensive 10% of houses, what price range are you exploring?
Suppose (rounded to the nearest thousand) that the mean cost of a house is $152,000 with a standard deviation of $44,000 in Pittsburgh and that house prices are normally distributed. Between what two prices do the middle 95% of houses fall in Pittsburgh? Find the probability that a house costs less than $100,000. If you are in the market for one of the most expensive 10% of houses, what price range are you exploring?
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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Suppose (rounded to the nearest thousand) that the mean cost of a house is $152,000 with a standard deviation of $44,000 in Pittsburgh and that house prices are
-
- Between what two prices do the middle 95% of houses fall in Pittsburgh?
- Find the probability that a house costs less than $100,000.
- If you are in the market for one of the most expensive 10% of houses, what price
range are you exploring?
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