Standard Deviation: 16956.1054

Mean: 33678.7

For the next 4 cars that are sampled, what is the probability that the price will beless than$500 dollars below the mean?Make sure you interpret your results.

Please note: we are given a new sample size, we will need to calculate a new SD.Then, to find the value that is $500 below the mean you will need to take the mean and subtract $500 from it.For example, if the mean is $15,000 then $500 below this would be $14,500.Thus the probability you would want to find is P(x < 14,500).

For the next 4 cars that are sampled, what is the probability that the price will behigher 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).

For the next 4 cars that are sampled, what is the probability that the price will beequalto the mean?Make sure you interpret your results.Use the same logic as above.

For the next 4 cars that are sampled, what is the probability that the price will be $1500withinthe mean?Make sure you interpret your results.Use the same logic as above.