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Based on my car data sheet provided, the probability that exactly 4 of them will fall below the average price is 11.15%. This means that
Based on my car data sheet provided, the probability that exactly 4 of them will fall below the average price is 11.15%. This means that in my sample, there is a moderate chance that exactly 4 out of the 10 cars will be priced below the average of $37,000. It is not a very high probability, indicating that it is somewhat uncommon but still possible. The probability that fewer than 5 of the cars will fall below the average price is 83.38%. This suggests that in most cases, you can expect fewer than half of them to have prices below the average. It shows a high likelihood, indicating that it is very common for fewer than half of the cars to be priced below the average. For the probability that more than 6 cars will fall below the average price, it is 38.23%. This shows that there is a moderate likelihood that more than 6 out of my 10 cars will be priced below the average, which is less frequent than having fewer than 5 cars below the average but still significant. Lastly, the probability that at least 4 of the cars will fall below the average price is 94.52%. This very high probability indicates that it is almost certain that at least 4 cars on my car data sheet will be below the average price
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