7. In the neighborhood near CGCC, the average price for a house with 4 bedrooms is $250,000 with a standard deviation of

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7 In The Neighborhood Near Cgcc The Average Price For A House With 4 Bedrooms Is 250 000 With A Standard Deviation Of 1 (39.88 KiB) Viewed 34 times

7. In the neighborhood near CGCC, the average price for a house with 4 bedrooms is $250,000 with a standard deviation of $22,500. a. My friend says she wouldn't even consider buying a 4 bedroom house that costs less than $200,000 in this area. What z-score would be associated with a $200,000 4 bedroom home? mean 25yuo an sd: 225000 2=200000-250000) 22500 =2==2.2222 b. Approximately what percent of the 4 bedroom homes in this area would cost less than $200,000? 22 - 2.22 = 0.0131 1.31% cast less than 200000 c. I found a 4 bedroom house near the school listed for $325,000. What does this mean? d. Another friend lives in this area and is about to list their 4 bedroom home to sell. They have been told to price it in the top 25% of homes. How much should they list it for?