Solved

Let House Prices in a Rich Community in Chicago Be

Question 73

Essay

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?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions