SOLUTION: The average rent in a city is $1,500 per month with a standard deviation of $200. Assume rent follows the normal distribution. [You may find it useful to reference the z table.]

Question 1162674: The average rent in a city is $1,500 per month with a standard deviation of $200. Assume rent follows the normal distribution. [You may find it useful to reference the z table.]

a. What percentage of rents are between $1,300 and $1,700? (Round your answer to the nearest whole percent.)

b. What percentage of rents are less than $1,300? (Round your answer to 1 decimal place.)

c. What percentage of rents are greater than $1,900? (Round your answer to 1 decimal place.)

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
z=(x-mean)/sd
a is looking for a z between -1 and +1, which is 0.6827
b is looking for z less than -1, which is 0.1587
c is looking for a z greater than 2 which is 0.0228
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