document.write( "Question 922497: Standard Normal Distribution\r
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document.write( "If keeping with inflation the council reviews the price of land to an average price of $3500 per hectare with a variance of $62,500 sketch a standard normal distribution showing the 95% confidence intervals of new land price per hectare. \n" );
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Algebra.Com's Answer #559587 by ewatrrr(24785)![]() ![]() You can put this solution on YOUR website! mean = $3500 per hectare, sd = sqrt(62500) = 250 \n" ); document.write( "ME = 1.96(250) = 490 \n" ); document.write( "CI: 3500 - 490 < mu < 3500+490 \n" ); document.write( "CI: (3010 , 3990) \n" ); document.write( " |