Compute the probability of price

Reference no: EM133650990

Question: Assuming that Price ($) is normally distributed. Compute the probability of houses sold with Price (S) less than 400,000. Select the closest answer to your computation. Rounding may cause slighly different answer. Hint: Compute the z score for x = 400,000. Look up the probability of the z score in the table. Check the location of the z score in the probability curve to compute the probability of Price($) < 400,000.

Reference no: EM133650990

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