### Analyzing Farm Land and Building Per Acre Values#### Overview:We have a dataset of the mean value of land and buildings per acre from a sample of farms. The mean value is $1300, with a standard deviation of $300. The data set follows a bell-shaped distribution. Using the empirical rule, we'll determine which farm values are unusual (more than two standard deviations from the mean) and very unusual (more than three standard deviations from the mean).The given values for the land and buildings per acre are:- $1752- $2163- $787- $353- $1330- $1664### Empirical Rule and Standard Deviations:- **Mean (μ):** $1300- **Standard Deviation (σ):** $300**Empirical Rule:**- 68% of data falls within 1σ of the mean: $1000 to $1600- 95% of data falls within 2σ of the mean: $700 to $1900- 99.7% of data falls within 3σ of the mean: $400 to $2200### Questions:1. **Which of the farms are unusual (more than two standard deviations from the mean)? Select all that apply:** - A. $353 - B. $1664 - C. $1752 - D. $1330 - E. $787 - F. $21632. **Which of the farms are very unusual (more than three standard deviations from the mean)? Select all that apply:** - A. $2163 - B. $1330 - C. $1752 - D. $1664 - E. $353 - F. $787 - G. None of the data values are very unusual.**Explanation:**- Unusual values are those outside the range of $700 to $1900.- Very unusual values are those outside the range of $400 to $2200.Use the values given and the empirical rule to identify the unusual and very unusual farm values accurately.

Here, we given that the value of mean and standard deviation for the given case .Then, we have to…

Answered: The mean value of land and buildings…

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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Over the first five years of owning her car, Gina drove about 12,700 miles the first year, 15,478 miles the second year, 12,675 the third year, 11,850 the fourth year, and 13,075 the fifth year. a. Find the mean, median, and mode of this data. b. Explain which measure of central tendency will best predict how many miles Gina will drive in the sixth year. a. mean= 12,700; median= 13,156; no mode; the mean is the best choice because it is representative of the entire data set. b. mean= 13,156; median= 12,700; mode= 3,628; the median is the best choice because it is not skewed by the high outlier. c. mean= 13,156; median= 12,700; no mode; the mean is the best choice because it is representative of the entire data set. d. mean= 13,156; median= 12,700; no mode; the median is the best choice because it is not skewed by the high outlier.
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