Question
This needs to be completed in Microsoft excel Meal prices at The Finer Diner are normally distributed with an average price of $8.50 and a
This needs to be completed in Microsoft excel
Meal prices at The Finer Diner are normally distributed with an average price of $8.50 and a standard deviation of $0.75.
Findthe probability that:
- A meal chosen at random is priced above $11.00
- A meal chosen at random is priced below $6.00
On Tuesday nights when Surf and Turf is offered as the nightly special, the average meal price jumps to $9.50. Considering that the standard deviation remains the same,calculatethe probabilities above with this new average price.
A local consultant randomly selects a sample of 36 meals whose mean price is determined to be $8.75.Assuming that= $0.75, calculate a 95% confidence interval for the population mean price.
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