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For the next 4 cars that are sampled, what is the probability that the price will be higher than $1000 dollars above the mean? Make
For the next 4 cars that are sampled, what is the probability that the price will be higher than $1000 dollars above the mean? Make sure you interpret your results. Use the same logic as above. If your mean is $15,000 then $1,000 above is 15,000 + 1,000 = $16,000. Thus the probability you would want to find is P(x > 16,000).
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