Empirical rule to estimate the number of farms

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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 76.Use the empirical rule to estimate the number of farms whose land and building values per acre are between $1100 and $1700.

Reference no: EM131361501

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