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In: Statistics and Probability

The selling price of a new car is normally distributed with an average of $23090 and...

The selling price of a new car is normally distributed with an average of $23090 and a standard deviation of $3060. a) What proportion of new cars will sell for more than $19130? probability = b) Assuming a normal distribution, within what selling prices will the middle 96% fall? lower = , upper =

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Expert Solution

From Z-table, Lookup for Z-value corresponding to area 0.02 to the left of the normal curve.

From Z-table, Lookup for Z-value corresponding to area 0.02 to the right of the normal curve.

orchestra answered 1 year ago

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