Math Problem Statement
Suppose a normally distributed set of stock prices with 6000 observations has a mean of 159 and a standard deviation of 13 use the 68-95-99.7:rule to determine the number of observations in the data set expected to be between the values 147 and 185
Solution
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Math Problem Analysis
Mathematical Concepts
Normal Distribution
Empirical Rule
Standard Deviation
Mean
Formulas
(X - μ) / σ
Number of observations = Total observations * percentage
Theorems
68-95-99.7 rule (Empirical rule)
Suitable Grade Level
Grades 9-12
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