Mathematics, 02.10.2020 15:01, kylieweeks052704
The mean value of land and buildings per acre from a sample of farms is $1400, with a standard deviation of $100. The data set has a ball-shaped distribution. Using the empirical rule, determine which of the following farms, whose land and
building values per acre are given, are unusual (more than two standard deviations from the mean). Are any of the data values very unusual (more than three standard deviations from the mean)?
$1322 51646 $1270 $1089 51305 51275
Which of the farms are unusual
Answers: 3
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Arandom sample of 15 observations is used to estimate the population mean. the sample mean and the standard deviation are calculated as 172 and 63, respectively. assume that the population is normally distributed. a. with 99 confidence, what is the margin of error for the estimation of the population mean? b. construct the 99% confidence interval for the population mean. c. construct the 95% confidence interval for the population mean. d. construct the 83% confidence interval for the population mean. hint: you need to use excel function =t. inv.2t to find the value of t for the interval calculation.
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The mean value of land and buildings per acre from a sample of farms is $1400, with a standard devia...
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