Math Problem Statement

A set of magical wand prices are normally distributed with a mean of [50] dollars and a standard deviation of [4] dollars. A blackthorn wand has a price of [45.20] dollars.

What proportion of wand prices are lower than the price of the blackthorn wand? You may round your answer to four decimal places.

Solution

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Math Problem Analysis

Mathematical Concepts

Normal Distribution
Z-score
Cumulative Probability

Formulas

Z-score formula: Z = (X - μ) / σ

Theorems

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Suitable Grade Level

Advanced High School