Estimate the proportion of costs using empirical rule

Reference no: EM13148808

The following frequency distribution reports the electricity cost for a sample of 50 twobedroom apartments in Albuquerque, New Mexico during the month of May last year.

a. Estimate the mean cost.
b. Estimate the standard deviation.
c. Use the Empirical Rule to estimate the proportion of costs within two standard deviations of the mean. What are these limits?

Reference no: EM13148808

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