THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 159

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A set of data is mounded,with a mean of 500 and a variance of 576.
-Approximately what proportion of the observations is between 428 and 572?

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Definitions:

Vintage

A term used to describe the age of an item, often indicating quality, rarity, and value, particularly in the context of wines, cars, and collectibles.

Stored

Kept or accumulated for future use.

Present Value

The present-day valuation of an anticipated amount of money or cash flows, considering a predetermined rate of return.

Endowment

An economic term referring to all assets, financial and non-financial, given to an individual or institution for a specific purpose.