Question
In: Statistics and Probability
The average rent in a city is $1,440 per month with a standard deviation of $340....
The average rent in a city is $1,440 per month with a standard deviation of $340. Assume rent follows the normal distribution. a. What percentage of rents are between $760 and $2,120? What percentage of rents are less than $760? c. What percentage of rents are greater than $2,460?
Solutions
Expert Solution
a)
p(760<X<2120)=0.9544*100=95.44%
b)p(X<760)=0.0228*100=2.28%
c)p(X>2460)=0.0013*100=0.18%
orchestra answered 2 years agoRelated Solutions
The average rent in a city is $1,440 per month with a standard deviation of $340....
The average rent in a city is $1,440 per month with a standard
deviation of $340. Assume rent follows the normal distribution. a.
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