Finding the maximum and minimum prices

Assignment Help Basic Statistics

Reference no: EM1318818

If the average price of a new home is $400,000, find the maximum and minimum prices of the houses a contractor will build to include the middle 65% of the market. Assume a normal distribution and a standard deviation of $40,000.

Reference no: EM1318818

Questions Cloud

What are the velocities of the two people : A 1.35 block is attached to a spring with spring constant 14. While the block is sitting at rest, a student hits it with a hammer and almost instantaneously gives it a speed of 50. What are The block's speed at the point where = 0.750 A.

Calculate break even values : Calculate break even values.

What is the maximum restoring force of bob : Three capacitors are arranged. C1 has a capacitance of 5.0 pF, C2 has the capacitance of 10 pF, and C3 has the capacitance of 15 pF. Find the voltage drop across the entire arrangement if the voltage drop across C2 is 311 V.

Balanced budget act : The Balanced Budget Act of 1997 brought about major changes in the way that American healthcare is financed-there were many changes in funding and many new requirements for hospitals and other providers to meet.

Finding the maximum and minimum prices : Find the maximum and minimum prices of the houses a contractor will build to include the middle 65% of the market.

What was the magnitude of the average acceleration : A car travelling at 120 strikes a tree. The front end of the car compresses and driver comes to rest after travelling 0.900.

Calculate the height and width of rectangular gate : Calculate the height and width of rectangular gate.

What is the velocity of a wave on this bungee cord : Calculate the change in the melting point of naphthalene for one atmosphere rise in pressure given that its melting point is 80 C. Latent heat of fusion is 4563 cal/mol and increase in volume on fusion is 18.70 cm3 per mol and 1 calorie = 4.2×10^7..

Use an integral to find the work necessary to pump : A Federation star ship (2.0×10^6 kg) uses its tractor beam to pull a shuttlecraft (2.0×10^4 kg) aboard from a distance of 10.0 km away. The tractor beam exerts the constant force of 2.50 X 10^4N on the shuttlecraft. Both spacecraft are initially a..

User Account

All Pages