Which of the following variables uses the interval scale of measurement?
a. name of stock exchange
b. time
c. SAT scores
d. social security number
Question 2
The prices of condos in a city are normally distributed with a mean of 90,000 and a standard deviation of 28,000.
a. The city government exempts the cheapest 6.68 of the condos from city taxes. What is the maximum price of the condos that will be exempt from city taxes?
b. If 1.79 of the most expensive condos are subject to a luxury tax, what is the minimum price of condos that will be subject to the luxury tax?
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