Solved: Home prices in a new development are normally distributed, Basic Statistics

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Home prices in a new development are normally distributed

Home prices in a new development are normally distributed with a mean of $276,000 and a standard deviation of $32,000.

A. What is the probability that a home sells for more than $206,000?

B. What is the probability that a home sells for less than $220,000?

C. How much would a home have to sell for to be in the top 10% of all prices?

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Basic Statistics: Home prices in a new development are normally distributed

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Basic Statistics: Home prices in a new development are normally distributed

Reference No:- TGS02351158

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