The graph illustrates a normal distribution for the prices paid for a particular model of HD televi The mean price paid is $2000 and the standard deviation is $115. 1655 1770 1885 2000 2115 2230 2345 Distribution of Prices What is the approximate percentage of buyers who paid less than $1655? 115 % What is the approximate percentage of buyers who paid less than $1770? % What is the approximate percentage of buyers who paid between $2000 and $2230? % What is the approximate percentage of buyers who paid between $2000 and $2115? %

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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The illustration depicts a normal distribution curve for the prices paid for a specific model of HD television. Key statistical metrics include a mean price of $2000 and a standard deviation of $115.

**Diagram Description:**
The curve is a typical bell-shaped normal distribution centered at $2000. The x-axis marks prices ranging from $1655 to $2345 at intervals of $115, reflecting the standard deviation. 

**Questions:**

1. **What is the approximate percentage of buyers who paid less than $1655?**
   - Answer: \( \_\_\_\_ \%\)

2. **What is the approximate percentage of buyers who paid less than $1770?**
   - Answer: \( \_\_\_\_ \%\)

3. **What is the approximate percentage of buyers who paid between $2000 and $2230?**
   - Answer: \( \_\_\_\_ \%\)

4. **What is the approximate percentage of buyers who paid between $2000 and $2115?**
   - Answer: \( \_\_\_\_ \%\)

5. **What is the approximate percentage of buyers who paid between $1885 and $2115?**
   - Answer: \( \_\_\_\_ \%\)

6. **What is the approximate percentage of buyers who paid between $2000 and $2345?**
   - Answer: \( \_\_\_\_ \%\)

Note: This exercise is designed to encourage the application of normal distribution concepts, such as understanding areas under the curve relative to the mean and standard deviation.
Transcribed Image Text:The illustration depicts a normal distribution curve for the prices paid for a specific model of HD television. Key statistical metrics include a mean price of $2000 and a standard deviation of $115. **Diagram Description:** The curve is a typical bell-shaped normal distribution centered at $2000. The x-axis marks prices ranging from $1655 to $2345 at intervals of $115, reflecting the standard deviation. **Questions:** 1. **What is the approximate percentage of buyers who paid less than $1655?** - Answer: \( \_\_\_\_ \%\) 2. **What is the approximate percentage of buyers who paid less than $1770?** - Answer: \( \_\_\_\_ \%\) 3. **What is the approximate percentage of buyers who paid between $2000 and $2230?** - Answer: \( \_\_\_\_ \%\) 4. **What is the approximate percentage of buyers who paid between $2000 and $2115?** - Answer: \( \_\_\_\_ \%\) 5. **What is the approximate percentage of buyers who paid between $1885 and $2115?** - Answer: \( \_\_\_\_ \%\) 6. **What is the approximate percentage of buyers who paid between $2000 and $2345?** - Answer: \( \_\_\_\_ \%\) Note: This exercise is designed to encourage the application of normal distribution concepts, such as understanding areas under the curve relative to the mean and standard deviation.
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