Use the normal distribution below for the prices of a high end HD television to answer the question.   if the shaded area represents approximately 95% of the data, what is the standard deviation of this distribution?

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Use the normal distribution below for the prices of a high end HD television to answer the question.

 

if the shaded area represents approximately 95% of the data, what is the standard deviation of this distribution? 

-0.004
0:002
1600 1700
T
1800
³
1900
2000
S
2100
2200
2300 2400
da
LOUERES
Transcribed Image Text:-0.004 0:002 1600 1700 T 1800 ³ 1900 2000 S 2100 2200 2300 2400 da LOUERES
Expert Solution
Step 1

as we know empirical rule: 

approximately 68 -95 -99.7% data fall within 1σ-2σ-3σ of μ.

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