Mathematics, 13.03.2020 01:10, zoewilliamss26

A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract buyers, the company has made numerous price reductions and better financing offers. Although condominiums were once listed for $350,000, the company believes that it will be able to get an average sale price of $255,000. Let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $17,000. a. What is the probability that the condominium will sell at a price (i) below $231,000?, (ii) above $293,000?

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A construction company in Naples, Florida, is struggling to sell condominiums. In order to attract b...