The mean of a distribution of selected theme park admission prices is $59 with a standard deviation
Question:
The mean of a distribution of selected theme park admission prices is $59 with a standard deviation of $3.99. The mean cost of a distribution of a specific home stereo system sold at many different stores is $1,499 with a standard deviation of $4.
a. Which distribution has the lower standard deviation?
b. Which distribution is more spread out? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
a The first distribution is obviously not more spread out than the second distribution Th...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
The mean of a distribution of selected theme park admission prices is $59 with a standard deviation of $3.99. The mean cost of a distribution of a specific home stereo system sold at many different...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following data represent the prices in dollars of general admission tickets for the last 18 concerts at one venue. Use the given data to determine the stems for this stem-and-leaf plot. $50 $61...
-
Describe the features of a registered retirement savings plan (RRSP). What is the purpose of the various RRSP account types? What investments qualify to be held inside an RRSP account? How do you...
-
Carry Connelly started Connelly Company on January 1, Year 1. The company experienced the following events during its first year of operation: 1. Earned $6,200 of cash revenue. 2. Borrowed $10,000...
-
What conditions are required for valid inferences from a randomized block ANOVA design? LO4
-
You are considering investing in three stocks with the following expected returns: Stock A......... 7% Stock B......... 12 Stock C.......... 20 What is the expected return on the portfolio if an...
-
Exercise 4-15 Activity-based costing LO P3 Surgery Center is an outpatient surgical clinic that was profitable for many years, but Medicare has cut its reimbursements by as much as 50%. As a result,...
-
GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:...
-
The My Tunes song app sells music downloads. Over the past few years, the service has lowered its prices. The table shows the price per song and the number of songs downloaded per day at that price....
-
A local comic book convention had an admission price of $17. During the week-long show, 19,344 people paid to enter. a. What is the range of the distribution of admission fees? b. What is the...
-
List and briefly define the characteristics of different deep learning frameworks.
-
In the following vignette write out three examples of a MI intervention in response to what the client has shared. Mark is a 19-year-old, male who lives with his parents and younger brother. His...
-
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithiumion battery packs for a new line of...
-
Most human behaviour: can be easily explained has multiple causes stems from unconscious desires depends on social influence
-
In what ways are the information processing theories of cognitive development discussed in PSY393 different from the embodied cognition perspective? In what ways are they similar? In your opinion,...
-
Problem 15-6B Accounting for share investments LO4 CHECK FIGURE: 2. Carrying value per share, $19.63 River Outdoor Supply Corporation (River Corp.) was organized on January 2, 2023. River Corp....
-
Find all the roots of the following functions. Use preliminary analysis and graphing to determine good initial approximations. f(x) = e*
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
The market research department conducted consumer surveys at college campuses and reported its results. In these ordered pairs, the first number represents price, p, and the second number represents...
-
What is the correlation coefficient? Round it to the nearest hundredth. Is this line a good predictor? Explain. A company is interested in producing and selling a new device called an eyePOD (eyewear...
-
Write the regression equation. Remember that the demanded quantity, q, is the dependent variable. Round the slope and y-intercept to the nearest hundredth.
-
Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined that the shop...
-
Which of the following statement regarding a post-closing trial balance is not true
-
What are the benefits and potential risks factors for undertaking derivative strategies compared to cash transactions
Study smarter with the SolutionInn App