A marine sales dealer finds that the average price of a previously owned boat is $6492. He decides t


Question: A marine sales dealer finds that the average price of a previously owned boat is $6492. He decides to sell boats that will appeal to the middle 66% of the market in terms of price. Find the maximum and minimum prices of the boats the dealer will sell. The standard deviation is $1025, and the variable is normally distributed. Would a boat priced at $5550 be sold in this store?

Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in