The mean price of new homes from a sample of houses is 155,000 with a standard deviation of 15,000. The data is bell shaped distribution . Between what two prices do 95% of the houses fall?
Follow Math Help Forum on Facebook and Google+
Do you know the significance of 95%? If you have sample data that is normally distributed than 95% of the data would be within two standard deviations from the mean. Can you figure out the prices now?
I am confused as to what steps I need to take to figure this out.
95% of values will fall between
Go get em!
View Tag Cloud