(Answered) 1 selling prices of homes in a certain community are

Management Studies

1. Selling prices of homes in a certain community are Normally distributed with a mean of $276,000 and a standard deviation of $32,000.

A) Calculate the probability that a house sold for more than $206,000.

B) Calculate the probability that a house sold for less than $220,000.

C) Calculate the probability that a house sold for more than $250,000 but less than $350,000.

D) How much would a house have to sell for to be in the top 5% of prices?

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