Estimating inverse probability-normal distribution


A real estate developer finds that sale prices of condominium in certain township follow an proper Normal distribution with the average price of $175,500 and standard deviation of $8,000. He desires to set the prices of the condominiums he wants to sell so that he would cover the middle 75% of market in terms of price range.  What must he set the minimum and maximum prices of his condominiums to be?

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Basic Statistics: Estimating inverse probability-normal distribution
Reference No:- TGS021468

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