Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra Form And Function

Authors: William G McCallum, Eric Connally, Deborah Hughes Hallett

2nd Edition

1119032091, 9781119032090

More Books

Students also viewed these Mathematics questions