# Question: If the average price of a new one family home

If the average price of a new one family home is $246,300 with a standard deviation of $15,000, find the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the market. Assume that the variable is normally distributed.

## Relevant Questions

The average price of a personal computer (PC) is $949. If the computer prices are approximately normally distributed and σ = $100, what is the probability that a randomly selected PC costs more than $1200? The least ...Americans drank an average of 23.2 gallons of bottled water per capita in 2008. If the standard deviation is 2.7 gallons and the variable is normally distributed, find the probability that a randomly selected American drank ...An instructor gives a 100-point examination in which the grades are normally distributed. The mean is 60 and the standard deviation is 10. If there are 5% A’s and 5% F’s, 15% B’s and 15% D’s, and 60% C’s, find the ...The average salary for a Queens College full professor is $85,900. If the average salaries are normally distributed with a standard deviation of $11,000, find these probabilities. a. The professor makes more than b. The ...Recall that for use of a normal distribution as an approximation to the binomial distribution, the conditions np ≥ 5 and nq ≥ 5 must be met. For each given probability, compute the minimum sample size needed for use of ...Post your question