Refer to the Real Estate DataSaskatoon online, which reports information on home listings. The mean list price

Question:

Refer to the Real Estate Data—Saskatoon online, which reports information on home listings. The mean list price (in $ thousands) of the homes was computed earlier. Use the normal distribution to estimate the percent of homes listed for more than $350000. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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