The mean value of land and building per acre from a sample of farms is $1400 with a standard deviation of $300. The data set has a bell shaped distribution. Assume the number of farms in the sample is 71. A) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $800 snd $2000. B) If 25 additional farms were sampled , about how many of these additional farms would you expect to have a land and building values between $800 and $2000?
The mean value of land and building per acre from a sample of farms is $1400 with a standard deviation of $300. The data set has a bell shaped distribution. Assume the number of farms in the sample is 71. A) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $800 snd $2000. B) If 25 additional farms were sampled , about how many of these additional farms would you expect to have a land and building values between $800 and $2000?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The mean value of land and building per acre from a sample of farms is $1400 with a standard deviation of $300. The data set has a bell shaped distribution. Assume the number of farms in the sample is 71.
A) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $800 snd $2000.
B) If 25 additional farms were sampled , about how many of these additional farms would you expect to have a land and building values between $800 and $2000?
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