M/PF Research, Inc. lists the average monthly apartment
rent in some of the most expensive apartment rental locations in
the United States. According to their report, the average cost of
renting an apartment in Minneapolis is $951. Suppose that the
standard deviation of the cost of renting an apartment in
Minneapolis is $96 and that apartment rents in Minneapolis are
normally distributed. If a Minneapolis apartment is randomly
selected, what is the probability that the price is:
(Round the values of z to 2 decimal places. Round
answers to 4 decimal places.)
(a) $1,030 or more?
(b) Between $890 and $1,100?
(c) Between $820 and $915?
(d) Less than $740?
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