Leonard can afford a $1120 monthly mortgage payment. If the current
1 answer:
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Answer:
The standard deviation of car age is 2.17 years.
Step-by-step explanation:
The Empirical Rule states that, for a normally distributed random variable:
68% of the measures are within 1 standard deviation of the mean.
95% of the measures are within 2 standard deviation of the mean.
99.7% of the measures are within 3 standard deviations of the mean.
In this problem, we have that:
Mean = 7.5
(a) If 99.7% of the ages are between 1 year and 14 years, what is the standard deviation of car age?
This means that 1 is 3 standard deviations below the mean and 14 is 3 standard deviations above the mean.
So
I want to find
The standard deviation of car age is 2.17 years.
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