Assume the selling prices of homes in a particular community follow a normal distribution with a mean
Question:
Assume the selling prices of homes in a particular community follow a normal distribution with a mean of $ 285,700 and a standard deviation of $ 46,100. Determine the range of selling prices in this community that includes
a. One standard deviation around the mean.
b. Two standard deviations around the mean.
c. Three standard deviations around the mean.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a x z x 285700 1 46100 331800 x 285700 ...View the full answer
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