Data for a particular subdivision near Greenville indicate that the average price per square foot for a
Question:
Data for a particular subdivision near Greenville indicate that the average price per square foot for a house is $100 with a standard deviation of $5, following a normal distribution.
(a) What is the probability that a potential home buyer will face an average price greater than $90 per square foot for a house?
(b) What is the probability that a potential home buyer will face an average price of less than $85 per square foot for a house?
(c) What is the probability that a potential home buyer will face an average price of less than
$108 per square foot for a house?
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Related Book For 
Quantitative Analysis For Management
ISBN: 9781292217659
13th Global Edition
Authors: Barry Render, Ralph M. Stair, Michael Hanna, Trevor Hale
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