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37. True or False: A small standard deviation of variance, relative to the expected value, or mean, indicates that most of the values of the
37. True or False: A small standard deviation of variance, relative to the expected value, or mean, indicates that most of the values of the random variable distribution are bunched close to the expected value. ANSWER: TRUE FALSE 38. From past sales records we know the following sales are typically made on Fridays: Items Sold Probability .2 .3 .3 Compute the expected number of items that will be sold this Friday. ANSWER 39. The Carpet Store has demand of 5,000 yards of carpet and a standard deviation of 1,500 yards. A manager wants to know what the probability will be for the demand to be more than 8,000 yards of carpet. (HINT: You must calculate the Z score first)
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