Question 2The weekly rental prices of rental properties are normally distributed with a mean of $250 and a standard deviation of $50.Calculate the percentage of properties with weekly rental price lower than $150 per week.Answer: Click or tap here to enter text. Calculate the percentage of properties with weekly rental price higher than $300 per week.Answer: Click or tap here to enter text. Calculate the percentage of properties with weekly rental price between $150 and $300 per week.Answer: Click or tap here to enter text.

It is given that the mean is 250 and standard deviation is 50.

Answered: The weekly rental prices of rental…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.3: Measures Of Spread

Problem 11PPS

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Question 2

The weekly rental prices of rental properties are normally distributed with a mean of $250 and a standard deviation of $50.

Calculate the percentage of properties with weekly rental price lower than $150 per week.

Answer: Click or tap here to enter text.

Calculate the percentage of properties with weekly rental price higher than $300 per week.

Answer: Click or tap here to enter text.

Calculate the percentage of properties with weekly rental price between $150 and $300 per week.

Answer: Click or tap here to enter text.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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