Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The mean value of land and buildings per acre from a sample of farms is $ 1700 with a standard deviation of $ 200 The

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 abell-shaped distribution. Assume the number of farms in the sample is 76

(a) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1300 and $2100

_____ farms (Round to the nearest whole number asneeded.)

(b) If 22 additional farms weresampled, about how many of these additional farms would you expect to have land and building values between $1300 per acre and $2100

____ farms out of 22 (Round to the nearest whole number asneeded.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra with Applications

Authors: Steven J. Leon

7th edition

131857851, 978-0131857858

More Books

Students also viewed these Mathematics questions