ew-Homes Prices If the average price of a new one-family home is $246,300 with a standard deviation of $15,000, ind the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the marke Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the earest dollar. Minimum price: Maximum price:

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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**New-Homes Prices:** If the average price of a new one-family home is $246,300 with a standard deviation of $15,000, find the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the market. Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the nearest dollar.

- **Minimum price:** $[ ]
- **Maximum price:** $[ ]
Transcribed Image Text:**New-Homes Prices:** If the average price of a new one-family home is $246,300 with a standard deviation of $15,000, find the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the market. Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the nearest dollar. - **Minimum price:** $[ ] - **Maximum price:** $[ ]
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