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:

Mexico

A country in North America, known for its rich cultural heritage, diverse landscapes, and as the largest Spanish-speaking population.

Philippines

A Southeast Asian country composed of more than 7,000 islands, known for its biodiversity, cultural diversity, and vibrant economy.

China

A country located in East Asia, known for being the world's most populous nation and having one of the largest economies globally.

Complementary Resources

Goods or services that enhance the value of another good or service when used in conjunction with it.