Not everyone pays the same price for the same model of a car. The figure illustrates a normal distribution for the prices paid for a particular model of a new car. The mean is $18,000 and the standard deviation is $2000. Use the 68-95-99.7 Rule to find the percentage of buyers who paid less than $12,000. Number of Car Buyers -99.7% -95% The percentage of buyers who paid less than $12,000 is%. 68% 12 14 16 18 20 22 24 Price of a Model of a New Car (Thousands)

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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Not everyone pays the same price for
the same model of a car. The figure
illustrates a normal distribution for the
prices paid for a particular model of a
new car. The mean is $18,000 and the
standard deviation is $2000.
Use the 68-95-99.7 Rule to find the
percentage of buyers who paid less than
$12,000.
Number of Car Buyers
99.7%
-95%-
-68%
12
14 16 18 20 22 24
Price of a Model of a New Car (Thousands)
The percentage of buyers who paid less than $12,000 is %.
Transcribed Image Text:Not everyone pays the same price for the same model of a car. The figure illustrates a normal distribution for the prices paid for a particular model of a new car. The mean is $18,000 and the standard deviation is $2000. Use the 68-95-99.7 Rule to find the percentage of buyers who paid less than $12,000. Number of Car Buyers 99.7% -95%- -68% 12 14 16 18 20 22 24 Price of a Model of a New Car (Thousands) The percentage of buyers who paid less than $12,000 is %.
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