The Zumper National Rent Report lists the average monthly apartment rent in various locations in the United
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The Zumper National Rent Report lists the average monthly apartment rent in various locations in the United States. According to their report, the average cost of renting a one-bedroom apartment in Houston is $1,090. Suppose that the standard deviation of the cost of renting a one-bedroom apartment in Houston is $96 and that such apartment rents in Houston are normally distributed. If a one-bedroom apartment in Houston is randomly selected, what is the probability that the price is:
a. $1150 or more?
b. Between $1000 and $1200?
c. Between $950 and $1050?
d. Less than $800?
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1119320890
9th edition
Authors: Ken Black
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