Question
Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a newspaper article, the mean of
Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a newspaper article, the mean of the x distribution is $46 with an estimated standard deviation of $8.
What is the dollar amount spent that separates the bottom 91% from the top 9%? (Round to 2 decimal places)
What is the probability that an impulse buyer spends more than $43.50? (Round to 4 decimal places)
What is the probability that an impulse buyer spends between $42.50 and $50? (Round to 4 decimal places)
What is the probability that an impulse buyer spends less than $40? (Round to 4 decimal places)
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