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
icon
Related questions
Question
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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman