SOLUTION: A real estate agent lets the selling price for homes of a particular size in a particular neighborhood be given by X. She then notes that X~N(175,15), where the units are in th

Question 977459:
A real estate agent lets the selling price for homes of a particular size in a particular neighborhood be given by X. She then notes that X~N(175,15), where the units are in thousands of dollars.
What is the 29th percentile for the selling price for homes of this type (in thousands of dollars)? Round to TWO decimal places.
Answer:
P(Y=2)=Answer

Answer:
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

According to a z-score/percentile table, the z-score that corresponds to the 29th percentile is -0.553. That means the 29th percentile is 0.553 standard deviations below the mean, in other words 175 minus 0.553(15).

John

My calculator said it, I believe it, that settles it

RELATED QUESTIONS
A real estate agent lets the selling price for homes of a particular size in a particular (answered by jim_thompson5910)

Question text A real estate agent lets the selling price for homes of a particular size... (answered by rothauserc)

A real estate agent lets the selling price for homes of a particular size in a... (answered by Fombitz)

A real estate agent is paid a 3.4% commission when selling a house. On one particular... (answered by Cromlix)

For selling a house, a real-estate agent receives 6% of the selling price. What was the... (answered by rfer)

Iwas Realty is a real estate company selling homes in the Vancouver, British Columbia.... (answered by Boreal,ewatrrr)

A certain real-estate agent receives $6 for every &100 of a houses selling price. How... (answered by edjones)

Patrick is selling his house through a real estate agent whose commission is 6% of the... (answered by rfer)

Jamie sold her house for x dollars. The real estate agent received a 5% commission and... (answered by josmiceli)