Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thanks for the help What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is dened as a shopper for whom at least

thanks for the help

image text in transcribed
What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is dened as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon. 18-28 29-39 40-50 51-61 62 and over 23 34 45 56 67 10% 45% 25% 13% 7% m USE SALT For the 62-and-over group, use the midpoint 67 years. (a) Using the age midpoints xand the percentage of super shoppers, do we have a valid probability distribution? Explain. 0 Yes. The events are indistinct and the probabilities sum to less than 1. O No. The events are indistinct and the probabilities sum to more than 1. O No. The events are distinct and the probabilities sum to 1. 0 Yes. The events are distinct and the probabilities sum to 1. 0 Yes. The events are distinct and the probabilities do not sum to 1. (b) Use a histogram to graph the probability distribution of part (a). (Because the data table has summarized the data into categories, use SALT to create a bar chart.) no so as Sui! Shun as Sup Shun 20 to 0 a 34 45 so a O '0' G) O as Sui! Shun | I as Sup Shun 20 34 45 so a O '0' (D O (c) Compute the expected age p of a super shopper. (Round your answer to two decimal places.) u= yr (d) Compute the standard deviation 0 for ages of super shoppers. (Round your answer to two decimal places.) a: yr

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Algebra And Trigonometry (Subscription)

Authors: Michael Sullivan

9th Edition

0321830741, 9780321830746

More Books

Students also viewed these Mathematics questions