Question: Housing prices in a small town are generally distributed with a mean of $147,000 and a standard deviation of $7,000. Use the empirical rule to

Housing prices in a small town are generally distributed with a mean of $147,000 and a standard deviation of $7,000. Use the empirical rule to complete the following statement.

Approximately 68% of housing prices are between a low cost of

and a high cost of $

.

$

.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!