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.