37. Historical data show that customers who download music from a popular Web service spend approximately $20
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37. Historical data show that customers who download music from a popular Web service spend approximately $20 per month, with a standard deviation of $4. Find the probability that a customer will spend at least $15 per month. If the company samples 100 customers, find the mean and standard deviation of the number who spend at least $15 per month. What is the probability that at least 40% of them will spend at least $15 per month?
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Related Book For
Business Analytics Methods Models And Decisions
ISBN: 9780132950619
1st Edition
Authors: James R. Evans
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