**Cost of Personal Computers** The average price of a personal computer (PC) is $949. If the computer prices are approximately normally distributed and the standard deviation (σ) is $100, consider the following: 1. What is the probability that a randomly selected PC costs more than $1200? 2. The least expensive 10% of personal computers cost less than what amount? 3. Calculate the probability that a PC costs between $500 and $800. **Mean**: 949 **Standard Deviation**: 100

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**Cost of Personal Computers**

The average price of a personal computer (PC) is $949. If the computer prices are approximately normally distributed and the standard deviation (σ) is $100, consider the following:

1. What is the probability that a randomly selected PC costs more than $1200?
2. The least expensive 10% of personal computers cost less than what amount?
3. Calculate the probability that a PC costs between $500 and $800.

**Mean**: 949  
**Standard Deviation**: 100
Transcribed Image Text:**Cost of Personal Computers** The average price of a personal computer (PC) is $949. If the computer prices are approximately normally distributed and the standard deviation (σ) is $100, consider the following: 1. What is the probability that a randomly selected PC costs more than $1200? 2. The least expensive 10% of personal computers cost less than what amount? 3. Calculate the probability that a PC costs between $500 and $800. **Mean**: 949 **Standard Deviation**: 100
Expert Solution
Probability that a randomly selected PC cost more than $1200:

Here, µ = 949 and σ = 100.

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