Asked by victor koskei on May 13, 2024

Verified

# Robert heard that there 78 different apartments in the part of New York City he is considering moving to.The mean rental price is $1,800 with a standard deviation of $200.He is assuming his data is normally distributed and wants to know how many apartments he will have to look at if his goal rental price is $1,500.Use the standard distribution table to help Robert narrow down his search to apartments priced under $1,500.

Standard Distribution Table

A mathematical table used for finding areas under the curve of the standard normal distribution, often used in statistics.

Rental Price

The amount of money charged to rent a property, such as an apartment or house, typically billed on a monthly basis.

- Determine z-scores through the utilization of mean and standard deviation values.
- Investigate and quantify degrees of dispersion.

Verified Answer

RM

Rodolfo Marzan IIIMay 14, 2024

Final Answer :

Robert's z-score of -1.5 has a probability that 6.68% of the data values will be less than that.Therefore,he will have to look at five apartments.

## Learning Objectives

- Determine z-scores through the utilization of mean and standard deviation values.
- Investigate and quantify degrees of dispersion.