Toyota Camry Prices ~ Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that the price of a used Toyota Camry is normally distributed with an average price of $7278 and a standard deviation of $600. Enter all answers rounded to 4 decimal places. 1. What proportion of used Toyota Camrys cost between $6000 and $8000? 2. What proportion of used Toyota Camrys cost less than $6000? 3. Suppose you want to purchase a used Toyota Camry. What is the chance that a randomly selected used Toyota Camry would cost more than $8000?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Toyota Camry Prices - Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that
the price of a used Toyota Camry is normally distributed with an average price of $7278 and a standard deviation of $600.
Enter all answers rounded to 4 decimal places.
1. What proportion of used Toyota Camrys cost between $6000 and $8000?
2. What proportion of used Toyota Camrys cost less than $6000?
3. Suppose you want to purchase a used Toyota Camry. What is the chance that a randomly selected used Toyota Camry would cost more than
$8000?
4. What is the cutoff price of used Toyota Camry in the top 3% price range?
5. What is the price of used Toyota Camry at the 16th percentile?
Transcribed Image Text:Toyota Camry Prices - Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that the price of a used Toyota Camry is normally distributed with an average price of $7278 and a standard deviation of $600. Enter all answers rounded to 4 decimal places. 1. What proportion of used Toyota Camrys cost between $6000 and $8000? 2. What proportion of used Toyota Camrys cost less than $6000? 3. Suppose you want to purchase a used Toyota Camry. What is the chance that a randomly selected used Toyota Camry would cost more than $8000? 4. What is the cutoff price of used Toyota Camry in the top 3% price range? 5. What is the price of used Toyota Camry at the 16th percentile?
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