Let House Prices in a Rich Community in Chicago Be

question 41

Short Answer

Let house prices in a rich community in Chicago be represented by Y= e^x where X is normally distributed. Suppose the mean house price is $1.8 million and the standard deviation is $0.4 million. What is the proportion of the houses that are worth more than $2.5 million?

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Definitions:

Metal Pollutants

Metals found in the environment that can be harmful to human health and the ecosystem when present in high concentrations.

Chernobyl

The site of a catastrophic nuclear accident that occurred in 1986 in the then Soviet Union, resulting in widespread environmental and health impacts.

Sieve Element

A specialized cell in the phloem of vascular plants, responsible for the transport of sugars and other nutrients throughout the plant.

Vessel Element

A type of cell found in the xylem of plants, involved in water transportation; these cells are elongated and connect end to end to form tubes.