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Answer :

Given:

Mean = 1600

Standard deviation = 125

Given data follows standard distribution,

[tex]X\text{ \textasciitilde{}N(1600,125)}[/tex]

The probability of buyers who paid between $1600 and $1975.

[tex]\begin{gathered} P(1600Now, using the normal table,[tex]P(0So, the percentage of buyers who paid between $1600 and $1975 is 49.87 %