In 2004 the average conventional first mortgage for new, Ask an Expert

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In 2004, the average conventional first mortgage for new single-family homes was $294,000. Assuming a normal distribution and a standard deviation of , what proportion of the mortgages were
a. more than $294,000?

b. between $234,000 and $354,000?

c. between $264,000 and $324,000?

d. more than $204,000?

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