statistics and standard deviations help
hi, I have 2 assignment questions that I just cannot figure out. Is there a formula or something that I need to follow to complete those calculations? Can somebody just point me in the right direction? Not expecting any free answers, I just have absolutely no idea what to do.
(b) assume your sample “Sold Price” data were normally distributed, and calculate, using values from a Standard Normal table, how many “Sold Price” data items in your sample you would expect to be within -2.3 standard deviations and +2.3 standard deviations from the mean (i.e. within Z = -2.3 and Z = +2.3).
(c) By reference to your sorted “Sold Price” data in Task 3, and the mean and standard deviation from the Descriptive Statistics table of Task 4, manually count the number of “Sold Price” data between (Mean - 2.3standard deviations) and (Mean + 2.3standard deviations), and verify whether this count matches your answer to (b). Can you hence justify your normality assumption in (b)?