Stats Solutions

[Solution] Groceries A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $32 and a standard deviation

Question: Groceries A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $32 and a standard deviation of $20.

  1. Explain why you cannot determine the probability that the next Sunday customer will spend at least $40.
  2. Can you estimate the probability that the next 10 Sunday customers will spend an average of at least $40 ? Explain.
  3. Is it likely that the next 50 Sunday customers will spend an average of at least $40 ? Explain.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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