### Statistical Analysis of Farm Land ValuesThe mean value of land and buildings per acre from a sample of farms is $1800, with a standard deviation of $200. The data set exhibits a bell-shaped distribution. Assume the number of farms in the sample is 70.#### (a) Estimation Using the Empirical RuleUse the empirical rule to estimate the number of farms whose land and building values per acre are between $1600 and $2000.____ (Enter the number of farms and round to the nearest whole number as needed.)#### (b) Estimation with Additional SamplesIf 26 additional farms were sampled, estimate how many of these additional farms would be expected to have land and building values between $1600 per acre and $2000 per acre.____ (Enter the number of farms out of 26 and round to the nearest whole number as needed.)

From the provided information, Mean (µ) = $1800 Standard deviation (σ) = $200 X~N (1800, 200) Sample…

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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