The U.S. Census Bureau publishes annual price figures for new mobile homes in Manufactured Housing Statistics. The
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The U.S. Census Bureau publishes annual price figures for new mobile homes in Manufactured Housing Statistics. The prices of a sample of 250 new mobile homes have roughly a bell-shaped distribution with mean $63.3 thousand and standard deviation $7.9 thousand.
a. Fill in the blanks: Approximately 95% of the mobile homes in the sample have prices between $_____ thousand and $_____ thousand.
b. Fill in the blank: Approximately _____% of the mobile homes in the sample have prices between $39.6 thousand and $87.0 thousand.
c. Approximately how many mobile homes in the sample have prices between $55.4 thousand and $71.2 thousand?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a The Empirical rule states that for a roughly bell shaped distribution approximately 95 of the obse...View the full answer
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