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[8:40 PM, 10/21/2021] Chakritha Reddy UNT: California's Olive Oil is marketed as a perishable product to compete with imports. It's pricing of a 500 mL
[8:40 PM, 10/21/2021] Chakritha Reddy UNT: California's Olive Oil is marketed as a perishable product to compete with imports. It's pricing of a 500 mL bottle follows a normal distribution with a mean of $21.00 and a standard deviation of $3.00. What is the probability that the average price paid by a sample of 16 California olive oil buyers will be less than $22.50? 0.9013
0.9772
0.4273
0.5000
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