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Author Question: The prices of condos in a city are normally distributed with a mean of $90,000 and a standard ... (Read 47 times)

kmcolvin

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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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Marked as best answer by kmcolvin on Mar 25, 2023

annaelena92

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kmcolvin

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)


jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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