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the mean value of land and buildings per acre from a sample of farms is…

Question

the mean value of land and buildings per acre from a sample of farms is \\$1500, with a standard deviation of \\$100. the data set has a bell-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)?

\\$1698 \\$1772 \\$1494 \\$1197 \\$1618 \\$1351

which of the farms are unusual (more than two standard deviations from the mean)? select all that apply.

a. \\$1197
b. \\$1494
c. \\$1698
d. \\$1772
e. \\$1618
f. \\$1351

Explanation:

Identify parameters and define unusual boundaries

Using the Empirical Rule Percentiles and Outlier Detection knowledge points

$$ LATEXBLOCK0 $$

Evaluate given data values against boundaries

Using the Outlier Detection knowledge point

$$ LATEXBLOCK1 $$

Answer:

  • A. $1197 (Correct answer)
  • B. $1494
  • C. $1698
  • D. $1772 (Correct answer)
  • E. $1618
  • F. $1351