In: Statistics and Probability
The mean value of land and buildings per acre from a sample of farms is $1600 , with a standard deviation of $200. The data set has a bell shaped distribution. Use the empirical rule and estimate the percent of farms whose land and building values per acre are between $1000 and $2200
a. 68%
b. 99.7%
c. 95%
d. 88.9%