document.write( "Question 1159545: The average weekly rent for flats and houses is $250. Suppose the rents are Normally distributed with a standard deviation of $40, what percentage of houses or flats rent for less than $200 per week?The average weekly rent for flats and houses is $250. Suppose the rents are Normally distributed with a standard deviation of $40, what percentage of houses or flats rent for less than $200 per week?\r
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document.write( "how do I go about this question? \n" );
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Algebra.Com's Answer #782713 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! z=(x-mean)/sd. This will convert a N(mean, variance) into a N(0, 1) problem, where we have probabilities. \n" ); document.write( "=(200-250)/40 \n" ); document.write( "=-50/40 \n" ); document.write( "=-1.25\r \n" ); document.write( "\n" ); document.write( "Want the probability z<-1.25, and that is 0.1056. \n" ); document.write( " |