Toyota Camry Prices - Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that the price of a used Toyota Camry is normally distributed...


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Toyota Camry Prices - Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that<br>the price of a used Toyota Camry is normally distributed with an average price of $7278 and a standard deviation of $600.<br>Enter all answers rounded to 4 decimal places.<br>1. What proportion of used Toyota Camrys cost between $6000 and $8000?<br>2. What proportion of used Toyota Camrys cost less than $6000?<br>3. Suppose you want to purchase a used Toyota Camry. What is the chance that a randomly selected used Toyota Camry would cost more than<br>$8000?<br>4. What is the cutoff price of used Toyota Camry in the top 3% price range?<br>5. What is the price of used Toyota Camry at the 16th percentile?<br>

Extracted text: Toyota Camry Prices - Historic data suggest that among US teens and young adults the demand for buying used Toyota Camry is high. Suppose that the price of a used Toyota Camry is normally distributed with an average price of $7278 and a standard deviation of $600. Enter all answers rounded to 4 decimal places. 1. What proportion of used Toyota Camrys cost between $6000 and $8000? 2. What proportion of used Toyota Camrys cost less than $6000? 3. Suppose you want to purchase a used Toyota Camry. What is the chance that a randomly selected used Toyota Camry would cost more than $8000? 4. What is the cutoff price of used Toyota Camry in the top 3% price range? 5. What is the price of used Toyota Camry at the 16th percentile?

Jun 09, 2022
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