document.write( "Question 978027: 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.\r
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document.write( "What is the 29th percentile for the selling price for homes of this type (in thousands of dollars)? Round to TWO decimal places. \n" );
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Algebra.Com's Answer #599516 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! Use a TI calculator to get\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "invNorm(0.29) = -0.5534\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So z = -0.5534. Use this to find the raw score x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "z = (x-mu)/sigma \n" ); document.write( "-0.5534 = (x - 175)/15 \n" ); document.write( "-0.5534*15 = x - 175 \n" ); document.write( "-8.301 = x - 175 \n" ); document.write( "-8.301 + 175 = x \n" ); document.write( "166.699 = x \n" ); document.write( "x = 166.699 \n" ); document.write( "x = 166.70\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The 29th percentile for the selling price (in thousands of dollars) is 166.70 \n" ); document.write( " \n" ); document.write( " |