Finding percentage of buyers-normal distribution

Assignment Help Basic Statistics
Reference no: EM1322651

Suppose that prices of a certain model of new homes are normally distributed with a mean of $150,000 and a standard deviation of $1,100. Find the percentage of buyers who said their price range is between $150,000 and $153,300.

a.49.58%

b.99.75%

c.34.05%

d.47.50%

Reference no: EM1322651

Questions Cloud

Probability under uniform distribution over given interval : Temperature in a certain city for the month of June follows a uniform distribution over the interval 61º F to 91º F. What is the probability that a randomly selected June day has a temperature that exceeds 70º F?
Qualitative research for manufacturer of small kitchen : Assume you are a manufacturer of small kitchen electrics-What qualitative research would you recommend, and why?
Show the correlation coefficient and regression equation : Scatter plot, Correlation coefficient and Regression equation - Do a complete regression analysis by performing the steps below
Inverse probability under uniform distribution : Temperature in certain city for the month of June follows a uniform distribution over the interval 61° F to 91° F. Find the temperature which 90% of the June days exceeds?
Finding percentage of buyers-normal distribution : Find the percentage of buyers who said their price range is between $150,000 and $153,300.
Fitting of simple linear regression equation : Fitting of simple linear regression equation - A researcher wishes to determine whether a person's age is related to the number of hours he or she jogs per week.
Standard error for regression equation : Standard error for regression equation - determination and non determination and explain the meaning of each.
Show the prediction interval for the regression line : Prediction interval for the regression line - Using the age and sick days data from table below, find the 98% prediction interval when x = 47 years.
Provide services to first-time admissions : How does the MHMR compare to the state's figures on providing services to first-time admissions - Hypothesis test for one sample mean

Reviews

Write a Review

Basic Statistics Questions & Answers

  Sampling distribution of the mean

The 95% confidence interval for the mean of the sampling distribution of the mean is about:

  Appropriate chi-square distribution

A sample of  n  observations is taken from a population. When performing statistical inference about a population variance, the appropriate chi-square distribution has:

  Chi-square test of independence with level of significance

Use the Chi-square test of independence with a .01 level of significance to determine whether appeal is independent from type.

  Fitted logistic regression model

We code middle-aged Americans as 1 and senior citizens as 0, the logistic regression model for senior citizens

  Calculate z value for given data

A recent article in the Myrtle Beach Sun Times reported that the mean labor cost to repair a colour television is $90 with a standard deviation of $22. Monte's TV Sales and Service completed repairs on two sets this morning. The labor cost for the..

  Correct pair of hypotheses

An independent financial advisor claims an average rate of return, μ, on a particular investment is at least 7%. In testing her claim, the correct pair of hypotheses is:

  A goodness of fit test and test of independence

Last school year, student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors. A sample of 300 students taken from this year's student body showed the following number of students in each classificati..

  Creating raw score predictions on criterion variable

Create raw score predictions on criterion variable for persons with Z scores on predictor value of -2,-1,0,+1,+2.

  Explaining cumulative relative frequency distribution

Why is cumulative relative frequency distribution so much more informative that just relative frequency distribution? Use examples to explain these differences.

  Computing femininity score from men in general

Do hotel managers on average vary significantly in femininity score from men in general?

  Analyzing data using spss glm procedure

Type the above data into the SPSS Data Editor window, or save this file as an unformatted text file and write SPSS syntax to read it in.

  Finding the value of test statistic using chi-square test

Use a .10 level of significance to test the claim that the variance of all scores in the population is more than 9.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd