Question: The second question I need help with. The mean value of land and buildings per acre from a sample of farms is $1300, with a

The second question I need help with.

The second question I need help with. The mean value of land

The mean value of land and buildings per acre from a sample of farms is $1300, with a standard deviation of $300. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 77. 53 farms (Round to the nearest whole number as needed.) (b) If 24 additional farms were sampled, about how many of these additional farms would you expect to have land and building values between $1000 per acre and $1600 per acre? farms out of 24 (Round to the nearest whole number as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!