Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The figure illustrates a normal distribution for the prices paid for a particular model of a new car. The mean is $21,000 and the standard

The figure illustrates a normal distribution for the prices paid for a particular model of a new car. The mean is $21,000 and the standard deviation is $500. Use the 68-95-99.7 Rule to find the percentage of buyers who paid between $19,500 and $21,000.A graph has a horizontal axis labeled "Price of a Model of a New Car" from 19,500 to 22,500 in increments of 500 and a vertical axis labeled "Number of Car Buyers." A bell curve on the graph is centered at 21,000. The curve shows that approximately 68% fall between 20,500 and 21,500, approximately 95% fall between 20,000 and 22,000, and approximately 99.7% fall between 19,500 and 22,500.What percentage of buyers paid between $19,500 and $21,000?? ___?%

image text in transcribed
99.7% 95% 68%- 19,500 20,000 20,500 21,000 21,500 22,000 22,500 Price of a Model of a New Car

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: Michael Sullivan, Kathleen Miranda

2nd Edition

1319067484, 9781319067489

More Books

Students also viewed these Mathematics questions