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The display gives sale prices for 40 houses in Ames, Iowa sold during a recent month. The mean sale price was $203,388 with a standard deviation of $87,609. Find the percentile of the house indicated in red on the dotplot

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Answer:

Step-by-step explanation:

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The percentile of the house indicated in red on the dotplot is "[tex]62^{nd}[/tex] percentile".

Given values are:

Number of houses,

  • 40

Mean sale price,

  • μ = $203,388

Standard deviation,

  • σ = $87,609

Now,

→ [tex]z = \frac{230,000-203,388}{87,608}[/tex]

→    [tex]= \frac{26,612}{87,608}[/tex]

→    [tex]=0.30[/tex]

By using the table, we get

→    [tex]= 0.6179[/tex]

Thus the above answer is appropriate.

Learn more about Standard deviation here:

https://brainly.com/question/13217968

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