The Solution:
The correct answer is 0.15%
Given the data in the given question,
We are required to find the percentage of buyers who paid more than $27,000.
The percentage of the total buyers is 100%
The percentage of buyers that paid between $21,000 and $27,000 is given to be 99.7%
This means that the total percentage of buyers who paid less than $21,000 and the buyers who paid more than $27,000 is
[tex]100-99.7=0.3\text{ \%}[/tex]
Since the distribution is a normal distribution, it follows that half of 0.3% is the percentage of buyers who paid more than $27,000.
[tex]\frac{0.3}{2}=0.15\text{ \%}[/tex]
Thus, the percentage of buyers who paid more than $27,000 is 0.15%
