Math Problem Statement
Suppose a normally distributed set of stock prices with 6000 observations has a mean 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 of 146 and 185
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Normal Distribution
Empirical Rule (68-95-99.7 Rule)
Formulas
Empirical Rule: 68%, 95%, 99.7% within 1, 2, and 3 standard deviations from the mean
Theorems
Empirical Rule (68-95-99.7 Rule)
Suitable Grade Level
Grades 10-12
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