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Carlos and his family are relocating to Los Angeles. They purchased a home they really like, which cost $735,000. The mean price among the homes
Carlos and his family are relocating to Los Angeles. They purchased a home they really like, which cost $735,000. The mean price among the homes in the area is $756,000 with a standard deviation of $18,100. (a) Find the ercore of the price of Carlos's home relative to the prices among the homes in the area. Round your answer X t) to two decimal places. 2=El (b) Fill in the blanks to interpret the ercore of the price of Carlos's home. Make sure to express your answer in terms of a positive number of standard deviations. Carlos's home price was I] standard deviations (choose one} v the mean price among the homes in the area
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