When answering the parts of this problem, please use for your state the mean and standard deviation


Question: When answering the parts of this problem, please use for your state the mean and standard deviation, that are displayed in Part 11 of your spreadsheet, as estimates for \(\mu \) and \(\sigma \), and assume that the trimmed prices for your state are normally distributed. Make this assumption even if the distribution of the trimmed prices is still slightly skewed and/or still contains any outliers (hopefully just mild, not extreme).

a. Of all the homes (whose advertised selling prices are not considered to be too much of an outlier if at all) advertised for sale in your state, 1.5% have an advertised selling price that is higher than what amount?

b. Of all the homes (whose advertised selling prices are not considered to be too much of an outlier if at all) advertised for sale in your state, 95% have an advertised selling price between what two amounts?

Price: $2.99
Solution: The solution consists of 2 pages
Deliverable: Word Document

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