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6. Many families on Vancouver Island are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose
6. Many families on Vancouver Island are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose that the mean price for a customized backyard structure is $3100 and that the standard deviation is $1200. Assume that the price distribution is a symmetric mound-shaped or bell-shaped distribution.
a) What is the z-score for a backyard structure costing $2300? Interpret this z-score
b) Can the price from part a) be considered an outlier? Justify your answer.
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