00:01
Corn yield in iowa.
00:03
We know that the yield of corn follows a bell -shaped distribution.
00:09
So i draw this out, centre on the mean.
00:19
Okay, and the mean, mu, is 299 bushels per acre, standard deviation sigma is 33.
00:29
We're using the empirical rule here, or the 68 to 9599 .7 rule.
00:35
I'll start by explaining what that is.
00:38
Tells you the rough proportion of values fall within a certain number of standard deviations of the mean.
00:46
So if i mark on here, one standard deviation above the mean, one below the mean, approximately 68 % of counties will have a corn yield in this area.
01:02
I mark on plus two and minus two standard deviations.
01:08
This interval is about 95%.
01:11
Minus 3 and plus 3.
01:14
This interval is about 99 .7%...