A Contractor Decided to Build Homes That Will Include the Middle

question 79

Multiple Choice

A contractor decided to build homes that will include the middle 80% of the market. If the average size of homes built is 2010 square feet, find the maximum and minimum
Sizes of the homes the contractor should build. Assume that the standard deviation is 90
Square feet and the variable is normally distributed.

• A) 1934.4 and 2085.6
• B) 1929 and 2091
• C) 2001 and 2019
• D) 1894.8 and 2125.2

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Definitions:

Simple Interest

The calculation of interest that is based only on the original principal amount and does not include interest on interest.

Market Values

Refers to the current price at which an asset, security, or commodity can be bought or sold in the marketplace.

Promissory Note

A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.

Promissory Note

Definition: A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.