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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