Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

solve it correctly please. I ll rate accordingly. What Excel formulas do I use for these? The Ransin Sports Company has noted that the size

solve it correctly please. I ll rate accordingly.

image text in transcribed
What Excel formulas do I use for these? The Ransin Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $200 and a standard deviation of $9. Questions: Answer A. What is the probability that the next individual who buys a product will make a purchase of more than $196? 3. If a soccer team of 16 players were to make the next batch of orders, what would be the standard error of the mean? C. If a soccer team of 16 players were to make the next batch orders, what is the probability that the mean purchase would exceed $196

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Microeconomics

Authors: Douglas Bernheim, Michael Whinston

2nd edition

73375853, 978-0073375854

Students also viewed these Mathematics questions

Question

Find the limit. lim (x. y) -(1, -3) Vz-3 x-y + 3v + 3x2 + 9 O O O

Answered: 1 week ago