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M/PF Research, Inc. lists the average monthly apartment rent in some of the most expensive apartment...

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Basic Math

M/PF Research, Inc. lists the average monthly apartment rent insome of the most expensive apartment rental locations in the UnitedStates. According to their report, the average cost of renting anapartment in Minneapolis is $951. Suppose that the standarddeviation of the cost of renting an apartment in Minneapolis is $96and that apartment rents in Minneapolis are normally distributed.If a Minneapolis apartment is randomly selected, what is theprobability that the price is: (Round the values of z to 2 decimalplaces. Round answers to 4 decimal places.) (a) $980 or more? (b)Between $930 and $1,110? (c) Between $840 and $930? (d) Less than$720?

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