Question
A statistics student does a survey to determine the average amount that people are willing to pay for a nice dinner at a restaurant for
A statistics student does a survey to determine the average amount that people are willing to pay for a nice dinner at a restaurant for two people. The student accidentally deletes the data table and calculations. In their notebook, they have the following information: "Amount people are willing to pay follows Normal distribution (Yes! I love it when data follows a Normal distribution!!) 37.5% of people willing to pay less than $90.00, and 15.5% of people willing to pay more than $100."
Find the mean and standard deviation of the distribution in dollars to the nearest cent.
What is the mean? Do not include the $ sign. What is the standard deviation? Do not include the $ sign.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started