What percentage of the dealer prices for the mercedes


Suppose Mercedes is concerned that dealer prices of the CLK350 Coupe are not consistent and that even though the average price is $44,520, the actual prices are normally distributed with a standard deviation of $2,981. Suppose also that Mercedes believes that at $43,000, the CLK350 Coupe is priced out of the BMW 3 Series Coupe 335i market. What percentage of the dealer prices for the Mercedes CLK350 Coupe is more than $43,000 and hence priced out of the BMW 3 Series Coupe 335i market?

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Basic Statistics: What percentage of the dealer prices for the mercedes
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