Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Average sales for an online textbook distributor were $71.75 per customer per purchase. Assume the sales are normally distributed. If the standard deviation of
Average sales for an online textbook distributor were $71.75 per customer per purchase. Assume the sales are normally distributed. If the standard deviation of the amount spent on textbooks is $8.79, find these probabilities for a randomly selected customer of the online textbook distributor. Refer to the table of values Area Under the Standard Normal Distribution) as needed. If necessary, round intermediate calculations to the nearest hundredth. Part: 0/2 Part 1 of 2 (a) He or she spent more than $63 per purchase. The probability that a randomly selected customer spent more than $63 per purchase is %. X 5
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