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In a typical year, there are 225 homes sold on the books in one area of the city and the average market value of homes
In a typical year, there are 225 homes sold on the books in one area of the city and the average market value of homes sold is expected to be $700,000 with a standard deviation of $45,000. According to a city analyst, it would be realistic to think that over the next year, the average market value of homes sold could rise to $705,000 given the scarcity of real estate that prevails. To see if the analyst's opinion is reasonable, determine the probability that the average market value of homes sold next year will be less than $705,000. A.0.9406 B.0.9418 C.0.9505 D.0.9525 E.0.9633 F.0.9641 G.0.9744 H.0.9750
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