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.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Solve Number 4
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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman