In: Statistics and Probability
The variable, Age_Months, follows normal distribution, with a mean of 56 and a standard deviation of 20. Answer the following questions.
1) What is the probability that a randomly selected used car is older than 7 years?
2) What are the minimum and maximum ages (in months) of the middle 95% of the used cars?
3) Compute the percentage of used cars ranging from 3 years to 7 years.