Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the distribution of online sale price for four-yea

The distribution of online sale price for four-year-old Harley-Davidson touring motorcycles is approximately Normally distributed with a...

50.1K

Verified Solution

Question

Basic Math

The distribution of online sale price for four-year-oldHarley-Davidson touring motorcycles is approximately Normallydistributed with a mean of $15,000 and a standard deviation of$4,000.

(A) Mr. Rampal plans to spend between $9,000 and $12,000 on oneof these motorcycles. What proportion of the available motorcyclesof this type can he afford?

(B)What is the 30th percentile for the prices of motorcycles ofthis type?

(C)Show that a motorcycle of this type priced at $28,000 isconsidered an outlier by the 1.5xIQR rule.

Answer & Explanation Solved by verified expert
4.1 Ratings (704 Votes)
AGiven 15000 4000Proportion of the available motorcycles of this type can heafford P9000 X 12000 P9000 150004000 Z 12000 150004000 P15 Z 075 PZ 075 PZ15 02266 00668 01598 Using    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Calculate the future value of the following annuity streams: a. $5,000 received each year for five...

Finance
1.2K views

Calculate the expected standard deviation on stock: State of the economy Probability of the states Percentage returns Economic recession              21% 0% Steady...

Accounting
1.2K views

Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional...

Physics
1.2K views

1 10 gm of ice at 0 C is kept in a calorimeter of water...

Algebra
1.2K views

DHS Corp has announced that its net income for the year ended June 30, 2017,...

Accounting
1.2K views

Apple Incorporated (AI) board of directors has indicated that they will repurchase AIs stock effective...

Accounting
1.2K views

Muskaan Tuskaan 2019 tax return: Capital gains: - Shares...

Accounting
1.2K views

The empty boxes are what need to be filled. Can anybody help? On...

Accounting
1.2K views

Break-even points (pgs 220-221,232) ...

Accounting
1.2K views

Which of the following are factors to consider when deciding whether to accept a special...

Accounting
1.2K views

Current Attempt in Progress The following accounts are included in the ledger of Bainbridge Company....

Finance
1.2K views

Question 10 If the number of compounding intervals decrease, then the present value of a...