Suppose the Average Price for New Cars Has a Mean

question 91

Multiple Choice

Suppose the average price for new cars has a mean of $30,100 and a standard deviation of $5,600. Based on this information, what interval of prices would we expect at least 95% of new car prices to fall within?

• A) $24,500 to $35,700
• B) $18,900 to $41,300
• C) $13,300 to $46,900
• D) $7.700 to $52,500

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Definitions:

Negatively Skewed

A distribution where the tail is longer on the left side of the distribution, indicating that the majority of data points are located on the right.

Positively Skewed

A type of distribution in which the right tail (higher values) is longer than the left tail, indicating that a majority of the data points are clustered to the left of the mean.

Symmetric

A characteristic of distributions or shapes where they are mirror images on either side of a central point or axis.

Molecular Dipole Moment

A measure of the separation of positive and negative electrical charges within a molecule, influencing molecular interactions and physical properties.