[Solution Library] The following information is available about the distribution of the price of single family homes in an area: Median = $200,000 Mean =
Question: The following information is available about the distribution of the price of single family homes in an area:
Median = $200,000 Mean = $250,000 Standard deviation = $150,000
If possible answer the following questions, if not possible, give your reason.
- Is the distribution symmetric?
- The probability that price of a randomly selected single-family homes being less than $200,000?
- The probability that average price of randomly selected 4 single-family homes being between $100,000 and 400,000?
- The probability that average price of 100 single-family homes being between $220,000 and $280,000?
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