The mean value of land and buildings per acre for farms in Colorado is $1170. A random
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The mean value of land and buildings per acre for farms in Colorado is $1170. A random sample of 32 Colorado farms is selected. What is the probability that the mean value of land and buildings per acre for the sample is
(a) Less than $1200,
(b) More than $1275, and
(c) Between $1100 and 1250?
Assume σ = $200.
Find the indicated probabilities and interpret the results. If convenient, use technology to find the probabilities.
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber
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