A family moved to Orlando, FL and bought a home. They paid $254,876 for their house. In their neighborhood the mean price of a home is $267,985 with a standard deviation of $5,834. Calculate the z-score for the price of their home and indicate if the price they paid for their home usual or unusual?
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Home » Mathematics » A family moved to Orlando, FL and bought a home. They paid $254,876 for their house. In their neighborhood the mean price of a home is $267,985 with a standard deviation of $5,834.