[Solution] Suppose the distribution of sales per person at a grocery store is normally distributed with a mean $88 with a variance of $71. Use the worksheet
Question: Suppose the distribution of sales per person at a grocery store is normally distributed with a mean $88 with a variance of $71. Use the worksheet P2 for this problem.
- What is the probability that a randomly selected customer spends less than $75?
- What is the probability that a randomly selected customer spends between $75 and $94?
- What is the probability that a randomly selected customer spends more than $96?
- What is the probability that a randomly selected customer spends exactly $80?
- What is the probability that 2 randomly selected customers will together spend more than $200?
- What is the probability that 4 randomly selected customers will together spend at least $325?
- Find the dollar amount such that 80% of all customers spend at least this amount?
- Find two dollar amounts, equidistant from the mean, such that 95% of all the spending is between these values?
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Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document 