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23 September, 15:59

Use the 68-95-99.7 rule to find the percentage the percentage of buyers who payed between 150,000 and 153,200, if the standard deviation is 1,600.

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  1. 23 September, 16:57
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    68% of buyers paid between 150,000 and 153,200

    Step-by-step explanation:

    The Empirical Rule (68-95-99.7 rule) states that, for a normally distributed random variable:

    68% of the measures are within 1 standard deviation of the mean.

    95% of the measures are within 2 standard deviation of the mean.

    99.7% of the measures are within 3 standard deviations of the mean.

    In this problem, we have that:

    Standard deviation = 1,600

    I suppose there was a typing mistake and the mean was not given, but a mean of 150,000 + 1,600 = 151,600 would make sense.

    Percentage of buyers who payed between 150,000 and 153,200

    150,000 = 151,600 - 1,600

    So 150,000 is one standard deviation below the mean

    153,200 = 151,600 + 1,600

    So 153,200 is one standard deviation above the mean.

    By teh Empirical Rule, 68% of buyers paid between 150,000 and 153,200
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