Housing prices in a small town are normally distributed with a mean of $141,000 and a standard deviation of $7,000. Use the empirical rule to complete the following statement. Approximately 95% of housing prices are between a low price of $_____________and a high price of $ ___________. Table 4.2.1: Normal distributions: Common functions.FunctionDescriptionFunction syntaxnameNORM.S.DIST Returns the probability that a z-score is at or below a given value.NORM.S.DIST(2, cumulative)NORM.S.INV Returns the z-score that corresponds to a given probability.NORM.S.INV(probability)Returns the probability that an observation is æ or less given the meanand standard deviation.NORM.DIST(x, mean, standard_dev,cumulative)NORM.DISTReturns the x-value that corresponds to a probability given the meanand standard deviation.NORM.INV(probability, mean,standard_dev)NORM.INV

Given,mean(μ)=$141,000standard deviation(σ)=$7,000

Housing prices in a small town are normally distributed with a mean of $141,000 and a standard deviation of $7,000. Use the empirical rule to complete the following statement. Approximately 95% of housing prices are between a low price of $_____________ and a high price of $ ___________

Housing prices in a small town are normally distributed with a mean of $141,000 and a standard deviation of $7,000. Use the empirical rule to complete the following statement. Approximately 95% of housing prices are between a low price of $___ and a high price of $ _

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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one z-score unit is equivalent to ______ of the distribution. a. the variance b. the range c. the standard deviation d. the mean e. the correlation coefficient
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