Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 11, 2024

Average sales for an online textbook distributor were $74.67 per customer per purchase. Assume the sales are normally distributed. If the standard deviation of the

Average sales for an online textbook distributor were $74.67 per customer per purchase. Assume the sales are normally distributed. If the standard deviation of the amount spent on a textbooks is $9.49, find these probabilities for a randomly selected customer of the online textbook distributor

The probability that a randomly select customer spent more than 93.65 per purchase is what percent?

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

Mathematical Applications For The Management, Life And Social Sciences

Mathematical Applications For The Management, Life And Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

12th Edition

978-1337625340

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Suppose another specimen of the soil in the preceding problem developed a major effective principal stress of 2200 kPa at failure. What would Skempton's pore pressure coefficient A at failure be, if...

Answered: 1 week ago

Question

★★★★★

What is the impact, if any, of CRM on customer retention and loyalty to brands? Why is e-CRM important in the present day? How can you explain customer gap under customer orientated marketing...

Answered: 1 week ago

Question

★★★★★

i. N et working capital means a. C urrent assetscurrent liabilities b. Fixed assetsfixed liabilities c. C urrent assetsnon-tangible assets ii. A n aggressive approach to current asset financing leads...

Answered: 1 week ago

Question

★★★★★

Royal Inc. began operations on January 1, 2009, and uses the FIFO method of pricing inventory. Management is contemplating a change in inventory methods for 2015. The following information is...

Answered: 1 week ago

Question

★★★★★

Average sales for an online textbook distributor were $74.67 per customer per purchase. Assume the sales are normally distributed. If the standard deviation of the amount spent on a textbooks is...

Answered: 1 week ago

Question

★★★★★

Don't need you to tell me how you got it. Just need the answers please

Answered: 1 week ago

Question

★★★★★

Which statement best explains why the SEC has concerns about theindependence of an audit firm partner who is compensated when shesells nonaudit services to her audit client?a. The partner may have 2...

Answered: 1 week ago

Question

★★★★★

Problem 1- How many expenses can you afford to maintain steady-state? You had $1000 in your checking account on January 1, 2018 which was a Monday. You are paid weekly a salary of $300 on Fridays,...

Answered: 1 week ago

Question

★★★★★

Smith Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process. (Click the icon to...

Answered: 1 week ago

Question

★★★★★

A woman from British Columbia, Saliha Alnoor, recently sued Colgate-Palmolive, alleging that she was injured by a defective toothbrush. She stated that the toothbrush snapped as she was brushing her...

Answered: 1 week ago

Question

★★★★★

Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks throughout the Pacific Northwest. Shamrock is in the process of budgeting for the coming year and...

Answered: 1 week ago

Previous Question Next Question