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 74% of the market. Assume that the variable is normally distributed. Use a graphing calculator and round the answers to the nearest dollar. #6 6.2 $ $. Minimum price LALA Maximum price

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...
icon
Related questions
Question
6.2 #6 Both answers were wrong to last 2 (#6 ? I submitted) please (round to nearest dollar?)
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 74% of the market. Assume that the
variable is normally distributed. Use a graphing calculator and round the answers to the nearest dollar.
#6 6.2
$
Minimum price
LALA
$.
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 74% of the market. Assume that the variable is normally distributed. Use a graphing calculator and round the answers to the nearest dollar. #6 6.2 $ Minimum price LALA $. Maximum price
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer