Question

The average price of a laptop is $965. Assume laptop prices are approximately normally distributed with a standard

Answer 1

Answer:

$836.8

Step-by-step explanation:

Average price = mean = $965

Standard deviation, = $100

Given that distribution is approximately normal ;

The least expensive 10% of the laptops :

We Obtain the Zscore that corresponds to P(Z ≤ 0.1) ; this means the least 10% of the laptops ;

From, a normal probability distribution table ;

P(Z ≤ 0.1) = - 1.282

We substitute this into the Zscore formula :

Zscore = (x - mean ) / standard deviation

x = price

-1.282 = (x - 965) / 100

-128.2 = (x - 965)

x = - 128.2 + 965

x = $836.8

Hence, price is $836.8