Posted: March 7th, 2017

The mean selling price of the homes was computed earlier to be $221,100, with a standard deviation of $47,110.

The mean selling price of the homes was computed earlier to be $221,100, with a standard deviation of $47,110. Use the normal distribution to estimate the percent of homes selling for more than $280,000. Compare this to the actual results. Does the normal distribution yield a good approximation of the actual results

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