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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Societal-Based Subcultures

Distinct cultural groups formed within a larger society based on shared beliefs, values, or interests, influencing behaviors and identities.

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