SOLUTION: The mean value of land and buildings per acre from a sample of farms is ​$1700
​,
with a standard deviation of ​$200
.
The data set has a​ bell-shaped
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Question 1123016: The mean value of land and buildings per acre from a sample of farms is $1700
,
with a standard deviation of $200
.
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 $1500
and $1900
.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
This is between -1 and +1 sd
The empirical rule says that 68% of the distribution will be in this area, or 71*0.68, or 48 farms.
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