(Answered) Estimate the number of farms

Statistics

Problem: The mean value of land and buildings per acre from a sample of farms is $1400,with a standard deviation of $300. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 73.

Required:

(a) Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1100 and $1700. Provide your rationale and any supporting data.

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