Question
Falcon Chocolates makes quality chocolate products and sells its products through a website. You work in Falcon's marketing department and your team has been tasked
Falcon Chocolates makes quality chocolate products and sells its products through a website. You work in Falcon's marketing department and your team has been tasked with developing new strategies to increase the company's internet sales. Using the data from last year, you found the following information:
75% of the transactions were conducted using Explorer as the web browser;
the time spent on the company's website was normally distributed with a mean of 7 minutes per transaction and a standard deviation of 1.3 minutes per transaction.
the amount spent was normally distributed with a mean of $72 per transaction and a standard deviation of $12.50 per transaction.
What is the probability that a randomly selected transaction has an amount spent between$57 and$85?
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