According to the National Association of Realtors, the mean sale price for existing homes in the United States in 2011 was $214,300. Assume that sale prices are normally distributed with a standard deviation of $41,000.
Find the percentage of existing homes in 2011 that:
b. sold for between $132,300 and $296,300
c. sold for more than $255,300

Question

According to the National Association of Realtors, the mean sale price for existing homes in the United States in 2011 was $214,300. Assume that sale prices are normally distributed with a standard deviation of $41,000.  
Find the percentage of existing homes in 2011 that:
b. sold for between $132,300 and $296,300
c. sold for more than $255,300

Quizplus · Accepted Answer

The Answer of According to the National Association of Realtors, the mean sale price for existing homes in the United States in 2011 was $214,300. Assume that sale prices are normally distributed with a standard deviation of $41,000.  
Find the percentage of existing homes in 2011 that:
b. sold for between $132,300 and $296,300
c. sold for more than $255,300

According to the National Association of Realtors, the Mean Sale