In January 2011, the average monthly rental rate for one-bedroom apartments in a certain city was $795. Suppose rental rates across all one-bedroom apartments in this city follow approximately a normal distribution, with a standard deviation of $130. Find the approximate proportion of one-bedroom apartments for which the rental rate: a. is at least $1000 a month. b. is less than $500 a month. c. is between $500 and $1000 a month.
In January 2011, the average monthly rental rate for one-bedroom apartments in a certain city was $795. Suppose rental rates across all one-bedroom apartments in this city follow approximately a normal distribution, with a standard deviation of $130. Find the approximate proportion of one-bedroom apartments for which the rental rate: a. is at least $1000 a month. b. is less than $500 a month. c. is between $500 and $1000 a month.
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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In January 2011, the average monthly rental rate for one-bedroom apartments in a certain city was $795. Suppose rental rates across all one-bedroom apartments in this city follow approximately a normal distribution, with a standard deviation of $130.
Find the approximate proportion of one-bedroom apartments for which the rental rate:
a. is at least $1000 a month.
b. is less than $500 a month.
c. is between $500 and $1000 a month.
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