Question
To estimate likely expenditure by customers at a new supermarket, a sample of till slips from a similar supermarket describing the weekly amounts spent by
To estimate likely expenditure by customers at a new supermarket, a sample of till slips from a similar supermarket describing the weekly amounts spent by 600 randomly selected customers was analyzed. These data were found to be approximately normally distributed with a mean of 60 and a standard deviation of 20. Using this knowledge find the following information for shoppers at the new supermarket: (12 Marks)
1. The value below which:
a. 60% of the customers are expected to spend,
b. 55% of the customers are expected to spend.
2. The value expected to be exceeded by:
a. 15% of the customers,
b. 75% of the customers
3. The value below which:
a. 450 of the shoppers are expected to spend.
b. 150 of the shoppers are expected to spend.
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