Land in a development is selling for $60,000 per acre. If Jack purchase 1 ¾ acres, how much will he pay?
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Answer:
The region between one standard deviation from the mean is (400,600) which should be 68.27% of the data.
Step-by-step explanation:
The mean of this data set is 500 and the standard deviation is 100. The data that are within one standard deviation of the mean, must be in the range between 400 and 600, which according to the normal curve should be about 68.27% of the samples. The shaded region is shown in red on the attached figure.
