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 60% of the market. Assume that the variable is normally distributed.

Answers

Answer 1

Answer:

Step-by-step explanation:

P(-a<z<a)=0.60, from the symmetry of normal distribution, P(z<a) = 0.60+ (1-0.60)/2 =

0.60+0.4/2

0.60+0.2

= 0.8

Considering the standard normal distribution table, we have a = 0.80, thus

z =(x-m)/std = 0.80

the maximum x = m + 0.80×std =

Where m = 246300

Std = 15000

246300+0.80×15000

= 246300+12000

= 258300

For the minimum x

x = m - 0.80×std

x = 246300-0.80×15000

246300-12000

= 234300


Related Questions

PLEASE HELP I HAVE 8 min left

Answers

Answer:

I would help but I can't see the picture... sorry good luck

Step-by-step explanation:

PLEASE HELP!

Identify the y-intercept and zeros of
y = x^4 - 9x^2 - 36
Algebraically​

Answers

Answer:

Our y-intercept is (0, -36).

Our real zeros are: (-2√3, 0) and (2√3, 0)

And our imaginary zeros are: (i√3, 0) and (-i√3, 0)

Step-by-step explanation:

We have the function:

[tex]y=x^4-9x^2-36[/tex]

Let's identify the y- and x-intercepts.

Y-Intercept:

To determine the y-intercept, we will substitute 0 for x and solve for y. So:

[tex]y=(0)^4-9(0)^2-36[/tex]

Evaluate:

[tex]y=-36[/tex]

Therefore, our y-intercept is at (0, -36).

X-Intercepts:

To determine our x-intercepts, we need to substitute 0 for y and solve for x. So:

[tex]0=x^4-9x^2-36[/tex]

Now, we can factor. Before doing so, we can make the factored easier to see by converting this into quadratic form. Let's let u=x². Then:

[tex]0=(u^2)^2-9(x^2)-36[/tex]

Substitute:

[tex]0=u^2-9u-36[/tex]

Now, let's factor. We can use -12 and 3. So:

[tex]0=u^2+3u-12u-36 \\ 0=(u(u+3)-12(u+3)) \\ 0=(u-12)(u+3)[/tex]

Now, we can substitute back u:

[tex]0=(x^2-12)(x^2+3)[/tex]

Zero Product Property:

[tex]x^2-12=0\text{ or } x^2+3=0[/tex]

Solve for x in each case:

[tex]x^2=12 \text{ or } x^2=-3[/tex]

Take the square root of both sides. Since we're taking an even root, we will need plus/minus. Therefore:

[tex]x=\pm\sqrt{12}=\pm2\sqrt{3}\text{ or } x=\pm\sqrt{-3}=\pm i\sqrt{3}[/tex]

Therefore, our zeros (both real and imaginary) are: (2√3, 0), (-2√3, 0), (i√3, 0), and (-i√3, 0)

Kayla drives 144 miles in 3 hrs. Kendra drives 224 miles in 4 hours. How much faster does Kendra drive on an average?

Answers

Answer:

12 miles per hour more

Step-by-step explanation:

Answer:

Kendra drives 8 hours more on average.

Step-by-step explanation:

We divide 144/3 to get Kayla's mile to hour.

That is 48 miles.

We divide 224/4 to get Kendra's mile to hour.

That is 56 miles.

56 - 48 = 8.

hope this helped!

In testing the validity of a multiple regression model in which there are four independent variables, the null hypothesis is:_________.

Answers

Answer: H0 : β1 = β2 = β3 = β4 = 0

Step-by-step explanation:

The null hypothesis refers to a hypotheses that simply states that no relationship exists between two phenomenons that are being tested.

In testing the validity of a multiple regression model in which there are four independent variables, the null hypothesis is H0 : β1 = β2 = β3 = β4 = 0.

Which equation has infinitely many solutions?

Answers

The answer is b the second one

How many is 3+7??staijsvsvsgsusidvsvsuoshsgsusisishsbvsss

Answers

Answer:

10

Step-by-step explanation:

1. (01.02)
Given that f(x) = 6x + 2 and g(x)
2x + 4/5
solve for g(f(1)). (5 points)
1
3
4
8

Answers

Answer:4

Step-by-step explanation:

f(1)=6(1)+2

=8

g(f(1))=2(8)+4/5

=20/5

=4

Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. 7 years, at 3% per year, compounded annually.

Answers

Answer:

PV= $813.09

Step-by-step explanation:

Giving the following information:

Future Value (FV)= $1,000

Number of periods (n)= 7 years

Interest rate (i)= 3% compounded annually

To calculate the present value (PV), we need to use the following formula:

PV= FV/(1+i)^n

PV= 1,000 / (1.03^7)

PV= $813.09

7 apples cost $2.10. How many apples can I buy for $6.30

Answers

Answer:

21

Step-by-step explanation

If 7 apples are 2.10 then for 4.20 its 14 apples.   And 3 apples is 90 cents.  1 apple is 0.30.  So the amount you can buy is 21 because 6.30/0.3 is 21

Answer:

21

Explanation:

If 7 apples cost y cents, how many can you buy for x dollars?

As y cents buy 7 apples, y dollars will buy 7×100 apples.

Hence one dollar will buy 7×100y=700y apples and,

x dollars will buy 700y × x apples or 700x y apples.

Hence 7 apples multiplied by $6.30 divided by $2.10 will get you 21 apples.

Have a beautiful day! v(⌒o⌒)v♪

2. Joanne's car insurance is reduced by 10% for each year that she has not had an
accident.
The normal cost of her insurance is £420 but she has a 3-years' no claims bonus.
How much is her insurance?​

Answers

Answer:

220

Step-by-step explanation:

Four less than 6 times a number is the same as the number plus 11.
Complete the equation

Answers

Answer:

×=3

Step-by-step explanation:

6x-4 = x+11

6x-x = 11+4

5x = 15

x = 3

The Equestrian club has 10 members. if the club wants to select a president, vice president, rodeo clown, and a secretary, how many ways can this be done?

Answers

Answer:

Many ways.

They can vote on it.

They can elect a council that will choose all the positions.

One person can just declare himself a position.

A pizzeria charges $4 per slice of pizza, plus an additional $0.50 per topping. If Erica has at most $13.50 to spend on her pizza, how many toppings could she get on ONE slice of pizza? Write an inequality expression that represents the situation and solve! Explain your reasoning​

Answers

Answer:

19 topings

t=(13.5-4)/.5

Step-by-step explanation:

13.5-4

=9.5

9.5/.5

=19

Using reasoning, determine the number of marbles that you would expect to fit if you doubled the diameter

Original diameter was 8cm, could fit 40 marbles. New diameter is 16cm. How many marbles would I fit?

Answers

Answer:

80 marbles

Step-by-step explanation:

8 times 2=16

40 times 2=80

What is the x-intercept of the line?
(-38,40)
(-23,30)
(-8,20)

Answers

The answer fam is.......... 22

Which linear function is represented by the graph?
O f(x) = -2x + 1
O f(x) = -1/2x + 1
O f(x) = 1/2x + 1
O f(x) = 2x + 1​

Answers

Answer:

The answer is B

Step-by-step explanation:

algebra 2. pls help:(

Answers

the correct answer is C
The correct one is C because you want to add the imaginary numbers together to simplify the equation. 6i+5/2i=17/2i. Then you add that to your real number. 17/2i+2/3

what is 40/17 rounded to the nearrst hundreth as a decimal ​

Answers

Answer:

★ 40 over 17 is roughly 2.35294, which can be rounded to the nearest hundredth as 2.35

Step-by-step explanation:

Hope you have a great day :)

40 over 17 should be correct and can I get marked brainless

the length of a rectangle is increased by 15% while its perpendicular height is decreased by 15%. determine, if any, the percentage change in its area.​

Answers

No change in area if sides of rectangle are equal.

Hope this helps.

If I read 4 pages of a book in 5 minutes, how many pages did I read per minute?

Answers

Answer:

about a half a page

Step-by-step explanation:

9. A company's quality control department found and average of 1.6 defective
models for every 1000 models that were checked. If the company produced
160,000 models in a year, how many of them would be expected to be
defective?
(a) 356
(b) 256
(c) 476 (d) 856

Answers

A. 356









Explanation
Becauseeeeeeee

Carmen spent 88.00 at the mall the money she spent was 25% of the total amount she had in her wallet how much money did Carmen have in her money

Answers

Answer:

$352

Step-by-step explanation:

x = total money she had

spent 25% of x = 88

solve for x

x = 88/0.25

x = $352

you want 75,000 in your savings account 12 years from now and you are prepared to make equal annaul deposits into the account at the end of the year. if the account pays 6.8 percent interest, what amount must you deposit each year

Answers

Answer:

Annual deposit= $3,474.39

Explanation:

Giving the following information:

You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. The account pays 6.4 percent interest.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (60,000*0.064)/[(1.064^12)-1]= $3,474.39

plz mark brainly

help
Please!!!!!!!!
Will appreciate it :)

Answers

Answer:

-5(-6x² + x + 2)

Step-by-step explanation:

-5(-6x² + x + 2)

= (-5)(-6x²) + (-5)(x) + (-5)(2)

= 30x²-5x-10

does anyone like 4freakshow if so start a convo in comments 11-16 pleasee

Answers

Answer:

mhm

Step-by-step explanation:

Answer:

Bet

Step-by-step explanation:

I NEED HELP WITH THIS MATH PROBLEM!!

Answers

since 2 remote interior angles = remote exterior angle,
9x + 3 + 44 = 14x + 7
-5x = -40
x = 8

hence, STW = 14(8) + 7
= 119°

Which expression is equivalent to 2(m − 5) + 6?

2m − 1
2m + 22
2m − 4
2m + 16

Answers

Answer:

2(m-5)+6
2m-10+6
2m-4

2m-4 is equivalent to 2(m-5)+6

Answer:

The answer is c

Step-by-step explanation:


Solve 8x - 2(x + 1) = 7x + 8.

Answers

The answer is

X = -10

Apologies though, I am not good at explaining.

Rods car takes 14 gallon to fill up and gets 35 miles per gallon rod drives 17.5 miles a day can rod go a whole month with out filling up

Answers

Answer:

No

Step-by-step explanation:

Rod would have to fill his care up 7 times to drive a whole month, cause a month would be 225 miles and his car holds 35 miles worth of gas.

What is the domain of the function for this situation?

Answers

Answer:

There is no problem. If you put the problem then i'll help

Step-by-step explanation:

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