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In: Statistics and Probability

Not everyone pays the same price for the same model of a new car. Prices paid...

Not everyone pays the same price for the same model of a new car. Prices paid for a particular model of a new car take on a normal distribution. The mean is $17,000 and the standard deviation is $500. Start by drawing a picture of the normal distribution and then labeling this information.

a. What percentage of buyer paid between $16,000 and $18,000 for a new car?

b. What percentage of buyer paid between $17,000 and $18,000 for a new car?

c. What percentage of buyer paid between $16,500and $17,000 for a new car?

d. What percentage of buyer paid between $17,000 and $18,500 for a new car?

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