Regents High School Examination - Mathematics B Worksheet - The University Of The State Of New York, 2004 Page 16
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2432 Mrs. Ramírez is a real estate broker. Last month, the sale prices of
homes in her area approximated a normal distribution with a mean of
$150,000 and a standard deviation of $25,000.
A house had a sale price of $175,000. What is the percentile rank of its
sale price, to the nearest whole number? Explain what that percentile
means.
Mrs. Ramírez told a customer that most of the houses sold last month
had selling prices between $125,000 and $175,000. Explain why she is
correct.
[16]
Math. B – June ’04
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