According to the normal empirical rule

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Reference no: EM131938661

1. According to the normal empirical rule, which of the following statements is true?

A. There are 68% of the selling prices are between 134.26 and 323.15 (thousands of dollars)

B. There are 95% of the selling prices are between 134.26 and 323.15 (thousands of dollars)

C. There are 99.7% of the selling prices are between 134.26 and 323.15 (thousands of dollars)

D. There are 99.7% of the selling prices are between 181.49 and 275.93 (thousands of dollars)

2. Which of the following statements is the most likely true?

A. The price data are likely to be skewed to the right

B. The price data are likely to be skewed to the left

C. The price data are likely to be bell-shaped

D. It is impossible to obtain the conclusions in A), B) or C) from the descriptive statistics

Reference no: EM131938661

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