Answer:
400
Step-by-step explanation:
it says average which probably means 400
33.36% of these homes have a value greater than $83,500.
The z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:
[tex]z=\frac{x-\mu}{\sigma} \\\\where\ x \ is\ raw\ score,\mu=mean,\sigma=standard\ deviation[/tex]
Given that μ = $82000, σ = $5000.
For x > 83500:
[tex]z=\frac{83500-82000}{5000} =0.43[/tex]
From the normal distribution table, P(x > 83500) = P(z > 0.43) = 1 - P(z < 0.43) = 1 - 0.6664 = 33.36%
33.36% of these homes have a value greater than $83,500.
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