According to the truecar.com website, the asking prices for cars of a certain model are approximately normally distributed with mean $35,987 and standard deviation $607.50. (a) The factory invoice price for this model is $35,625. About what percent of cars have asking prices below factory invoice? Round to 4 decimal places and then convert to a percentage.                                              (b) According to the truecar.com site, any asking price between $34,772 and $36,225 for this car model is considered “good” or “great.” What proportion of cars have “good” or “great” asking prices?       (Round to 4 decimal places) (c) The manufacturer’s suggested retail price (MSRP) for this car model is at the 98th percentile of the distribution of asking price. Find the MSRP.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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According to the truecar.com website, the asking prices for cars of a certain model are approximately normally distributed with mean $35,987 and standard deviation $607.50.
(a) The factory invoice price for this model is $35,625.
About what percent of cars have asking prices below factory invoice?

Round to 4 decimal places and then convert to a percentage.
 
                                          
(b) According to the truecar.com site, any asking price between $34,772 and $36,225 for this car model is considered “good” or “great.”
What proportion of cars have “good” or “great” asking prices?
 
    (Round to 4 decimal places)
(c) The manufacturer’s suggested retail price (MSRP) for this car model is at the 98th percentile of the distribution of asking price.
Find the MSRP.      
 
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