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Suppose the national forest contains 1,000,000 trees, and that the age of trees in this forest is normally distributed with a mean of 225 years, and a standard deviation of 150 years;
-What is the probability that a tree in this forest is more than 135 years old?
-Suppose a sample of 90,000 trees is randomly selected from this forest, calculate the standard deviation of tree age for this sample.
-Calculate the probability that a sample of 40,000 trees drawn at random from this forest has an average age between 223.5 and 226 years old?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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