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If the average price of a new one-family home is $246,300 with a standard deviation $15,000, find the minimum price of the houses that a contractor will build to satisfy the middle 80% of the market. Assume
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If the average price of a new one-family home is $246,300 with a standard deviation $15,000, find the minimum price of the houses that a contractor will build to satisfy the middle 80% of the market. Assume that the variable is normally distributed.

User Markus T
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1 Answer

5 votes

Answer:

67,000

Explanation:

User Kurt Du Bois
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