Question
Suppose, at a local movie theater, the amount of money that a man spends at the concession has an average of 17 dollars and a
Suppose, at a local movie theater, the amount of money that a man spends at the concession has an average of 17 dollars and a standard deviation of 5.0 dollars. As well, the amount of money that a woman spends at the concession has an average of 13 dollars and a standard deviation of 3.5 dollars. (a) What is the expected difference in the amount spent by a man and a woman at the concession? Answer: dollars (b) What is the standard deviation for this difference? (Round your answers to four decimal places, if needed.) Answer: dollars (c) What is the expected total amount spent by a man and a woman at the concession? Answer: dollars (d) What is the standard deviation for this total amount? (Round your answers to four decimal places, if needed.)
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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