MCQs > Finance & Management > Statistics & Probability > The average price of a car in a used car lot is $18,000. These prices are Normally distributed with a standard deviation of $3,000. What is the probability that any random car is below $18,000?

Statistics & Probability MCQs

The average price of a car in a used car lot is $18,000. These prices are Normally distributed with a standard deviation of $3,000. What is the probability that any random car is below $18,000?

Answer

Correct Answer: 50%

Explanation:

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