Question: After looking at the excel spreadsheet attached, please help with the following questions. For the next 4 cars that are sampled, what is the probability
After looking at the excel spreadsheet attached, please help with the following questions.
- For the next 4 cars that are sampled, what is the probability that the price will beless than$500 dollars below the mean?Please interpret the results.
Please note: we are given a new sample size, we will need to calculate a new SD.Then, to find the value that is $500 below the mean it will need to take the mean and subtract $500 from it.For example, if the mean is $15,000 then $500 below this would be $14,500.Thus the probability it would want to find is P(x
- For the next 4 cars that are sampled, what is the probability that the price will behigher than$1000 dollars above the mean?Please interpret the results.Use the same logic as above.If the mean is $15,000 then $1,000 above is 15,000 + 1,000 = $16,000.Thus the probability it would want to find is P(x > 16,000).
- For the next 4 cars that are sampled, what is the probability that the price will beequalto the mean?Please interpret the results.Use the same logic as above.
- For the next 4 cars that are sampled, what is the probability that the price will be $1500withinthe mean?Please interpret the results. Use the same logic as above.

qualitative quantitative qualitative qualitative quantitative quantitative quantitative Column 1 Column2 Column 3 Column4 O Column6 Column7 Column 1 Vehicle type/clas Year Make Model Price MPG (city) MPG (highway) Fuel Type Sedan 2019 Toyota Camry 24,765 29 41 Gasoline Sedan 2019 Toyota Corolla 16,800 28 36 Gasoline Sedan 2019 Honda Civic 20,350 28 38 Gasoline Sedan 2019 Honda Accord 25, 320 48 48 Gasoline Sedan 2019 Nissan Sentra 18, 700 27 35 Gasoline Sedan 2019 Nissan Altima 25,000 28 39 Gasoline Sedan 2019 Ford Fusion 23,735 21 31 Gasoline Sedan 2019 Hyundai Elantra 18,000 26 36 Gasoline Sedan 2019 Chevrolet Malibu 24,000 29 36 Gasoline Coupe 2019 Kia Soul 17,430 26 31 Gasoline
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