Question
What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is defined as a shopper for whom at least 70% of the items
What is the age distribution of promotion-sensitive shoppers? Asupermarket super shopperis defined as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon.
Age range, years------------18-28 | 29-39 | 40-50 | 51-61 | 62 and over
Midpointx-----------------------23 | 34 | 45 | 56 | 67
Percent of super shoppers---6%| 43% | 21% | 9% | 21%
For the 62-and-over group, use the midpoint 67 years.
(a)
Using the age midpointsxand the percentage of super shoppers, do we have a valid probability distribution? Explain.
- No. The events are distinct and the probabilities sum to 1.
- No. The events are indistinct and the probabilities sum to more than 1.
- Yes. The events are distinct and the probabilities sum to 1.
- Yes. The events are indistinct and the probabilities sum to less than 1.
- 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).
(c) Compute the expected ageof a super shopper. (Round your answer to two decimal places.)
(d) Compute the standard deviationfor ages of super shoppers. (Round your answer to two decimal places.)
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