Question
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?
Solutions
orchestra answered 1 year agoRelated Solutions
17) Not everyone pays the same price for the same model of a car. For a...
17) Not everyone pays the same price for the same model of a
car. For a particular new car the mean price is $18,750 with a
standard deviation of $690. ROUND VALUES CORRECTLY TO
DOLLAR.
a) Make a sketch of the normal distribution, labeling the center
and ± 1, 2, 3SD intervals with the values.
b) If a car is picked at random, what is the probability that
the car price is between $17,800 and $19,100?
c) A car in...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1200 and the standard deviation is $135.
What is the approximate percentage of buyers who paid between $1065
and $1335? ____%
What is the approximate percentage of buyers who paid between $930
and $1200? ___%
What is the approximate percentage of buyers who paid less than
$795?____%
What is the approximate percentage of buyers who paid more than...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1000 and the standard deviation is $105.
685 790 895 1000 1105 1210 1315
What is the approximate percentage of buyers who paid between
$1000 and $1210?
%
What is the approximate percentage of buyers who paid between $895
and $1105?
%
What is the approximate percentage of buyers who paid less than
$685?
%
What is the...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1600 and the standard deviation is $115.
What is the approximate percentage of buyers who paid between $1485
and $1715? ___%
What is the approximate percentage of buyers who paid between $1485
and $1600? ___%
What is the approximate percentage of buyers who paid more than
$1830?___ %
What is the approximate percentage of buyers who paid more...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1600 and the standard deviation is $135.
What is the approximate percentage of buyers who paid less than
$1330?
%
What is the approximate percentage of buyers who paid between $1465
and $1600?
%
What is the approximate percentage of buyers who paid between $1330
and $1600?
%
What is the approximate percentage of buyers who paid between...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1000 and the standard deviation is $70.
7908609301000107011401210Distribution of Prices
What is the approximate percentage of buyers who paid more than
$1210?
%
What is the approximate percentage of buyers who paid between $1000
and $1210?
%
What is the approximate percentage of buyers who paid more than
$1140?
%
What is the approximate percentage of buyers who...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1400 and the standard deviation is $65. 1205 1270 1335 1400 1465
1530 1595 Distribution of Prices What is the approximate percentage
of buyers who paid between $1270 and $1400? % What is the
approximate percentage of buyers who paid less than $1205? % What
is the approximate percentage of buyers who paid between $1335 and
$1465? %...
The numbers illustrates a normal distribution for the prices paid for a particular model of HD...
The numbers illustrates a normal distribution for the prices
paid for a particular model of HD television. The mean price paid
is $1000 and the standard deviation is $60.
820, 880, 940, 1000, 1060, 1120, 1180, are the Distribution of
Prices
What is the approximate percentage of buyers who paid between $820
and $1000?
? %
What is the approximate percentage of buyers who paid between $940
and $1000?
? %
What is the approximate percentage of buyers who paid...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1600 and the standard deviation is $140.
1180 1320 1460 1600 1740 1880 2020
Use the 68-95-99.7 Rule to answer the following questions.
What is the approximate percentage of buyers who paid more than
$2020?
%
What is the approximate percentage of buyers who paid more than
$1880?
%
What is the approximate percentage of buyers who paid...
The graph illustrates a normal distribution for the prices paid for a particular model of HD...
The graph illustrates a normal distribution for the prices paid
for a particular model of HD television. The mean price paid is
$1000 and the standard deviation is $145.
What is the approximate percentage of buyers who paid between
$1000 and $1290? 47.5 Correct%
What is the approximate percentage of buyers who paid between
$1000 and $1145? 34 Correct%
What is the approximate percentage of buyers who paid
less than $565? -.335 Incorrect%
What is the approximate percentage of buyers...
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