Land purchase decision. A buyer for a lumber company must decide whether to buy a piece of

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Land purchase decision. A buyer for a lumber company must decide whether to buy a piece of land containing 5,000 pine trees. If 1,000 of the trees are at least 40 feet tall, the buyer will purchase the land; otherwise, he won’t. The owner of the land reports that the height of the trees has a mean of 30 feet and a standard deviation of 3 feet. On the basis of this information, what is the buyer’s decision?

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