Home Prices If the average price of a new one-family home Is mum and maximum prices of the houses that a contractor will build to satisfy the middle 76% of the market. Assume that the ble is normally distributed. Use a graphing calculator and round the answers to the nearest dollar. Minimum price: Maximum price AIA #6

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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**New-Home 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 76% of the market. Assume that the variable is normally distributed. Use a graphing calculator and round the answers to the nearest dollar.

**Minimum price:**  
**Maximum price:**
Transcribed Image Text:**New-Home 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 76% of the market. Assume that the variable is normally distributed. Use a graphing calculator and round the answers to the nearest dollar. **Minimum price:** **Maximum price:**
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