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Grocery store's receipt show that Sunday customer purchases have a skewed distribution with a mean of $30 and a standard deviation of $20. Why you
Grocery store's receipt show that Sunday customer purchases have a skewed distribution with a mean of $30 and a standard deviation of $20.
- Why you cannot determine the probability that the next Sunday customer will spend at least $40.
- Can you estimate the probability that next 10 sunday customers will spend an average of at least $40? Explain.
- Is it likely that the next 50 Sunday customers will spend an average of at least $40? Explain.
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