Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the Top Shelf Book Store thousands of books are sold every week. According to their inventory the prices of books represented a normal distribution
At the Top Shelf Book Store thousands of books are sold every week. According to their inventory the prices of books represented a normal distribution with a mean of $15.90 and a standard deviation of $2.40. Given this, answer the questions below using the Empirical Rule with percentage numbers 68%, 95%, and 99.7% Round your answers to the nearest cent. a) Approximately 16.00% of the books cost more than what price? Price: $ 0 b) Find the price such that only about 16.00% of the books are less expensive. Price: $ 0 c) Find the interval centered around the mean such that approximately 99.70% of the books are within that price range Interval: ( $ 0 0
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