ew-Homes Prices If the average price of a new one-family home is $246,300 with a standard deviation of $15,000, ind the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the marke Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the earest dollar. Minimum price: Maximum price:

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 1BGP
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New-Homes Prices If the average price of a new one-family home is $246,300 with a standard deviation of $15,000,
find the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the market.
Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the
nearest dollar.
Minimum price: $
Maximum price: $
Transcribed Image Text:New-Homes Prices If the average price of a new one-family home is $246,300 with a standard deviation of $15,000, find the minimum and maximum prices of the houses that a contractor will build to satisfy the middle 80% of the market. Assume that the variable is normally distributed. Round z-value calculations to 2 decimal places and final answers to the nearest dollar. Minimum price: $ Maximum price: $
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