roblem Set 4. Calcuations on z and the Unit Normal Table Criterion : Calculate percentages based on z scores and the normal curve. Data :

·        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?