Assume the distribution of home selling prices follows a normal distribution. for this area the mean...

Assume the distribution of home selling prices follows a normal distribution. for this area the mean selling price is $95,140 and the standard deviation of the selling price is $13,100.

Let S be the home selling price. For a randomly selected home find P(S>$100,000). The answer is approx. = .6447. I just really need to know how to set this question up in a TI-84 calculator PLEASE! It's urgent!

Solutions

Expert Solution

Given that, mean =$95140 , standard deviation = $13100

we want to find, P(S > $ 100000)

Hence, P(S > $ 100000) = 0.3553

TI-84 calculator steps,

1) Press 2ND button then press VARS

2) Then select, normalcdf(

3) Then, wright,

lower: 100000

upper: 1000000

Then go to paste button and click on enter button we get,

orchestra answered 1 year ago

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