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A construction company has made numerous price reductions and better financing offers. Although apartments were once listed for $600,000, the company believes that it will
A construction company has made numerous price reductions and better financing offers. Although apartments were once listed for $600,000, the company believes that it will be able to get an average sale price of $520,000. Let the price of these apartments in the next quarter be normally distributed with a standard deviation of $30,000. Calculate and enter the probability that an apartment will be sold at a price above $550,000.
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