Question: 32. A contractor decides to build homes that will include the middle 80% of the market. If the average size homes built is 1810 square

32. A contractor decides to build homes that will include the middle 80% of the market. If the average size homes built is 1810 square feet, find the maximum and minimum size of the homes the contractor should build. Assume the variance is 8464 square feet and the variable is normally distributed. Part A: Find applicable Z scores: 4pts A)+-1.65 B) +-1.96 C) +-2.05 D) +-.84 E) +-1.28 33 Part B: Calculate Minimum size: 4 puts A) -9,024 B)-5,000 C) 5,000 D) 50,000 E) 1,693 34 Part C: Calculate Maximum price: 3 pts A) 12,643 B) 10,000 C) 15,000 D) 100,000 E) 1,927
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
