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    Let House Prices in a Rich Community in Chicago Be
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Let House Prices in a Rich Community in Chicago Be

Question 97

Question 97

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Let house prices in a rich community in Chicago be represented by Let house prices in a rich community in Chicago be represented by   ,where X is normally distributed.Suppose the mean house price is $1.8 million and the standard deviation is $0.4 million.What is the proportion of the houses that are worth more than $2.5 million? ,where X is normally distributed.Suppose the mean house price is $1.8 million and the standard deviation is $0.4 million.What is the proportion of the houses that are worth more than $2.5 million?

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