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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%
Describe your answer to a person who has never had a course in statistics.
Basic Statistics problem
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