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 $19,000 and the standard deviation is $2000. Use the 68-95-99.7 Rule to find what percentage of buyers paid between $15,000 and $19,000. Number of Car Buyers -99.7%- -95%- -68%- 13 15 17 21 23 Price of a Model of a New Car (Thousands ***
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 $19,000 and the standard deviation is $2000. Use the 68-95-99.7 Rule to find what percentage of buyers paid between $15,000 and $19,000. Number of Car Buyers -99.7%- -95%- -68%- 13 15 17 21 23 Price of a Model of a New Car (Thousands ***
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $19,000 and the
standard deviation is $2000.
Use the 68-95-99.7 Rule to find what
percentage of buyers paid between
$15,000 and $19,000.
Number of Car Buyers
-99.7%-
-95%-
-68%-
13 15 17
21 23 25
Price of a Model of a New Car (Thousands)
The percentage of buyers who paid between $15,000 and $19,000 is%.
(Type an exact answer.)
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