Error Analysis Nolan began with $35 in his
2 answers:
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Answer:
($13,300,$46,900)
Step-by-step explanation:
We are given the following in he question:
Mean, μ = $30,100
Standard Deviation, σ = $5,600
Chebyshev's Theorem:
- According to theorem atleast
percent of data lies within 2 standard deviations of mean.
- For k = 3,
Thus, 89% of data lies within three standard deviation of mean.
Thus, we expect at least 89% of new car prices to fall within ($13,300,$46,900)