Criterion: Calculate percentages based on z scores and the normal curve.
· Data:For homes that were sold in the past year, the average number of days on the market (DOM) was 266 days. During this time, DOM was normally distributed, with a standard deviation of 12 days. The Carmichaels sold their house in 245 days.
· Instruction:Using the unit normal table, answer what percentage of homeowners:
a. sold their home at the same point or earlier than the Carmichaels?
b. sold their home at a later point than the Carmichaels?
c. sold their home between 245 days and the average DOM?
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