A construction company in Florida is struggling to sell condominiums. The company believes that it will be able to get a

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A Construction Company In Florida Is Struggling To Sell Condominiums The Company Believes That It Will Be Able To Get A 1 (33.46 KiB) Viewed 76 times

A construction company in Florida is struggling to sell condominiums. The company believes that it will be able to get an average sale price of $302,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $17,000. [You may find it useful to reference the z.table.] a. What is the probability that the condominium will sell at a price (1) Below $280,000? (i) Above $328,000? (Round your final answers to 4 decimal places.) Below $280,000 Above $328,000 Probability b. The company is also trying to sell an artist's condo. Potential buyers will find the unusual features of this condo either pleasing or objectionable. The manager expects the average sale price of this condo to be the same as others at $302,000, but with a higher standard deviation of $25,000. What is the probability that this condo will sell at a price () Below $280,000? (1) Above $328,000? (Round your answers to 4 decimal places.) Below $260,000 Above $320.000 Probability