Question
The mean value of land and buildings per acre from a sample of farms is $1400, with a standard deviation of $300. The data set
The mean value of land and buildings per acre from a sample of farms is $1400, with a standard deviation of $300. The data set has a bell-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 $1100 and $1700 .___ farms (Round to the nearest whole number as needed.)
(b) If 25additional farms were sampled, about how many of these additional farms would you expect to have land and building values between $1100 per acre and $1700 peracre?nothingfarms out of 25 (Round to the nearest whole number asneeded.)
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