SOLUTION: The mean price from a sample of houses is $155,000, with a standard deviation of $15,000 and is normally distributed. Between what two prices do 95% of the houses fall?

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Question 1120399: The mean price from a sample of houses is $155,000, with a standard deviation of $15,000 and is normally distributed. Between what two prices do 95% of the houses fall?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
Using the empiric rule of 2 sd s on either side of the mean being 95% of the distribution, this would be 2*15,000 or 30,000 on both sides of the mean.
The two prices are ($125,000, $185,000)
1.96 is the actual number and that *15,000=$29,400
The two prices more accurately are ($125,600, $184,400)