Solve this poblem:
Use the normal distribution to calculate the probability that a randomly selected new home in your state has an advertised selling price above $300,000. For estimates of μ and σ, use X-BAR and s. See your posting to the activity in Week 2's conference for the values of X-BAR and s.
Z=X-mean/standard deviation
z= 300,000-279,477.88/196,525.174
Specific requirements:
Please put the answer in the example format below:
Z=X-mean/standard deviation
z=300,000-698,411.50/950074.54
z= -0.419=.3372
1-.3372=0.6628
=66.28%