Concept explainers
To Explain: the shape, center and variability of the

Explanation of Solution
Given:
Shape:
Subtracting the constant to every data value will not affect the shape of the distribution and thus P is a
Center:
Subtracting the constant to every data value, then the center of the distribution is also decreased by that constant value thus P is a normal distribution function.
Spread:
Subtracting the constant to every data value, then the spread of the distribution will not affect, it remains unchanged.
So P is a normal distribution with mean=$495 and standard deviation=$185
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