According to Business Week, Maternity Chic, a purveyor of designer maternity wear, sells dresses and pants priced
Question:
According to Business Week, Maternity Chic, a purveyor of designer maternity wear, sells dresses and pants priced around $150 each for an average total sale of $1,200. The total sale has a normal distribution with a standard deviation of $350.
a. Calculate the probability that a randomly selected customer will have a total sale of more than $1,500.
b. Compute the probability that the total sale will be within 2 standard deviations of the mean total sales.
c. Determine the median total sale.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
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