SOLUTION: At a car dealer, the average sale price of the car is $21,500 with a standard deviation of $2,750. The dealer has 9,000 cars on the lot. A) How many cars are priced at most $22,30

Algebra.Com
Question 607981: At a car dealer, the average sale price of the car is $21,500 with a standard deviation of $2,750. The dealer has 9,000 cars on the lot.
A) How many cars are priced at most $22,300?
B) How many cars are priced between $15,500 and $18,100?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi
standard deviation cannot be $2,750. If it were 275, for example:

P( ≤ to 22,3000) = P( z≤ .0366) = NORMSDIST(0.0366)= .5146
.5146*9000= 4631 cars

RELATED QUESTIONS

A car dealer, at a year-end clearance, reduces the price of last year’s models by a... (answered by ikleyn)
The selling price of a car is $21,000. If the markup is 20% of the dealer’s cost, what is (answered by robertb)
The ratio of the number of cars with gasoline engines to hybrids sold at a car dealer is... (answered by solver91311)
A dealer pays $6000 for a car. The dealer wants to make a profit that is 25% of the... (answered by checkley75)
a car dealer discounts the price of a car by 10%. the discounted price is 16200. what was (answered by pmatei)
a car dealer valued a car used as a trade-in at $3,816. he offered it for sale for... (answered by rfer)
A new car has a list price of ​$24,500. Suppose that the dealer markup on this car... (answered by rfer)
A car dealer tells you that the price of a new car is $20,000,which is the original price (answered by josmiceli)
A car dealer wants to make a profit of $925 on the sale of a car that cost the dealer... (answered by anomis)