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The article "Taxable Wealth and Alcoholic Beverage Consumption in the United States" (Psycho- logical Reports [1994]: 813-814) reported that the mean annual adult consumption of wine was 3.15 gallons and that the standard deviation was 6.09 gallons. Would you use the Empirical Rule to approximate the proportion of adults who consume more than 9.24 gallons (i.e., the proportion of adults whose consumption value exceeds the mean by more than 1 standard deviation)? Explain your reasoning.

Microeconomics, Economics

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