Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

A real estate developer finds that sale prices of condominium in certain township follow an proper Normal distribution with the average price of $175,500 and standard deviation of $8,000. He desires to set the prices of the condominiums he wants to sell so that he would cover the middle 75% of market in terms of price range.  What must he set the minimum and maximum prices of his condominiums to be?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921468

Have any Question? 


Related Questions in Statistics and Probability

A philosophy professor assigns letter grades on a test

A philosophy professor assigns letter grades on a test according to the following scheme. A: Top 12% of scores B: Scores below the top 12% and above the bottom 63% C: Scores below the top 37% and above the bottom 22% D: ...

In a recent funding drive in support of classical radio it

In a recent funding drive in support of classical radio, it was announced that 11.35% of the listeners actually donated to the radio station. A survey of 225 listeners found that 10.75% of the listeners had actually dona ...

How did the working class assert itself in europe during

How did the working class assert itself in europe during the late 18th century? provide examples and compare to the philosophy of social darwinism.

At a school pep rally a group of sophomore students

At a school pep rally, a group of sophomore students organized a free raffle for prizes. They claim that they put the names of all the students in the school in the basket and that they randomly drew 36 names out of this ...

An iq test is designed so that the mean is 100 and the

An IQ test is designed so that the mean is 100 and the standard deviation is 16 for the population of normal adults. Find the sample size necessary to estimate the mean IQ score of statistics students such that it can be ...

1 what are the most important threats to validity that

1. What are the most important threats to validity that occur in quasi experimental research designs when the research is conducted over a period of time? What techniques can be used to minimize these potential interpret ...

Data mining review questions - xlminer labs - cluster

Data Mining Review Questions - XLMiner Labs - Cluster Analysis1. Marketing to Frequent Flyers. The file EastWestAirlinesCluster.xls contains information on 4000 passengers who belong to the airline's frequent flier progr ...

Kindergarten children have heights that are approximately

Kindergarten children have heights that are approximately normally distributed about a mean of 38.8 inches and a standard deviation of 1.5 inches. If a random sample of 21 is taken, what is the probability that the sampl ...

The manager of the cheesecake factory in boston reports

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on wee ...

A new study provides some evidence that playing action

A new Study provides some evidence that playing action video games strengths a person's ability to translate sensory information into accurate decisions. Researchers had 23 male volunteers with an average age of 20 look ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro