Question

In Jan. 2011 the average rental rate for one bedroom apartments in Ann Arbor, Michigan was...

In Jan. 2011 the average rental rate for one bedroom apartments in Ann Arbor, Michigan was $796. Suppose rental rates for all one bedroom apartments in Ann Arbor follow approx. a normal distribution, with a standard deviation of $150. Find the approx. proportion of one-bedroom apartments for which the rental rate:

a) is less than $1000 a month.

b) is greater than $1000 a month.

c) is between $550 and $1000 a month.

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