Collected information/data for a particular housing division near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home between 110 and 115? OA) 0.99874 OB) 0.22853 OC) 0.02149 OD) 0.97725 OE) 0.00492
Collected information/data for a particular housing division near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home between 110 and 115? OA) 0.99874 OB) 0.22853 OC) 0.02149 OD) 0.97725 OE) 0.00492
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:**Question 13**
Collected information/data for a particular housing division near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home is between 110 and 115?
- A) 0.99874
- B) 0.22853
- C) 0.02149
- D) 0.97725
- E) 0.00492
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In this question, we are provided with the average price per square foot and standard deviation for homes in a specific area. The data suggests a normal distribution. To find the probability of the price being between $110 and $115, we can use the properties of the normal distribution and standard deviation to calculate this probability, referencing standard normal distribution tables or computational tools for precise values.
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