The average rent in a city is $1,500 per m onth with a standard deviation of $250.
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The average rent in a city is $1,500 per m onth with a standard deviation of $250. Assume rent follows th e normal distribution.
Use th e empirical rule to answ er th e following questions.
a. W hat percentage of rents are betw een $1,250 and $1,750?
b. W hat p ercen tag e of rents are less th an $1,250?
c. W hat percen tag e of rents are g reater th an $2,000? LO5
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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