SOLUTION: Not everyone pays the same price for the same model of a car. Suppose the price of a car is normally distributed. The figure illustrates a normal distribution for the prices paid f
Algebra ->
Probability-and-statistics
-> SOLUTION: Not everyone pays the same price for the same model of a car. Suppose the price of a car is normally distributed. The figure illustrates a normal distribution for the prices paid f
Log On
Question 1121439: Not everyone pays the same price for the same model of a car. Suppose the price of a car is normally distributed. The figure illustrates a normal distribution for the prices paid for a particular model of a new car.The mean is $21,000 and the standard deviation is $2000, use the 68-95-99.7 ruled to find what percentage of buyers paid between $15,000 and $21,000
it's a graph as 15=99.7% 17= 9.5% 19= 68% 21= it's in the middle between 19 and 23 23=68% 25=9.5 27-99.7 Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! Between 15000 and 21000 is between -3 sd and 0 sd
This is 0.50000-0.0013=0.4987 or 49.87%, almost 50%
