Z Scores and Probability: Suppose that property taxes on homes in Iowa City, Iowa have an approximately normal distribution with a mean of $2500 and...
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Question

 Z Scores and Probability: Suppose that property taxes on homes in Iowa City, Iowa have an

approximately normal distribution with a mean of $2500 and a standard deviation of $1500. The property tax for one particular home is $5000.


a.) Find the z-score corresponding to that value.

 

b.) What percentage of the property taxes exceeds $5000?


Can you draw a curve to help me visualize the problem/answer, if possible?

Top Answer

a) . Z = 1.67 b) . The... View the full answer

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