Question: The average rent in a city is $ 1 , 5 7 0 per month with a standard deviation of $ 2 3 0 .

The average rent in a city is $1,570 per month with a standard deviation of $230. Assume rent follows the normal distribution.
What percentage of rents are between $1,340 and $1,800?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
What percentage of rents are less than $1,340?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
What percentage of rents are greater than $2,030?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.

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 Finance Questions!