Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the past, the value of houses a local realtor has sold is normally distributed with a mean of $245,000 with a standard deviation of
In the past, the value of houses a local realtor has sold is normally distributed with a mean of $245,000 with a standard deviation of $49,000. How much does a house have to sell for so that the house is in the top 10% of highest selling houses for the realtor? (please express your answer in $'s)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started