The mean sale per customer for 40 customers at a gas station is $36.00, with a standard
Question:
The mean sale per customer for 40 customers at a gas station is $36.00, with a standard deviation of $8.00. Using Chebychev’s Theorem, determine at least how many of the customers spent between $20.00 and $52.00.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
x 2s x 2s 20 52 are 2 standard ...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber
Question Posted:
Students also viewed these Statistics questions
-
A day's sales in $1000 units at a gas station have a gamma distribution with parameters A = 5 and k = 0.9. (a) What is the expectation of a day's sales? (b) What is the standard deviation of a day's...
-
For a sample with a standard deviation of s = 10, a score of X = 65 corresponds to z = 1.50. What is the sample mean?
-
For a distribution with a standard deviation of = 20, describe the location of each of the following z-scores in terms of its position relative to the mean. For example, z = 11.00 is a location that...
-
In a country with a fixed exchange rate system the rise of inflation will result in: O Home currency depreciation Currency appreciation in real terms Floating of home currency O Inflow of foreign...
-
Assuming investors had perfect foresight, how would the volatility of a cyclical companys share price compare to the volatility of its profits?
-
Ex 6 : Consider a stock currently priced at $ 8 5 . In the next period, the stock can either increase by 3 0 percent or decrease by 2 0 percent. Assume a call option with an exercise price of $ 8 0...
-
Make a suggestion to Winters and her manager for motivating Conway, Wang, and Sanchez. LO.1
-
In Problem 11-27, a linear program was developed for the shortest-route problem. Modify this linear program to make the changes detailed in Problem 11-26. Solve this problem and compare it to the...
-
A company's 2018 statement of financial position showed net fixed assets of $8,000,000, and the 2019 statement of financial position showed net fixed assets at $9,500,000. The company's 2019...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
The mean rate for satellite television for a sample of households was $72.50 per month, with a standard deviation of $12.50 per month. Estimate the percent of satellite television rates between...
-
The mean length of the first 20 space shuttle flights was about 7 days, and the standard deviation was about 2 days. Using Chebychevs Theorem, determine at least how many of the flights lasted...
-
Air pollution in large U.S. cities is monitored to see whether it conforms to requirements set by the Environmental Protection Agency. The following data, expressed as an air pollution index, give...
-
Melannie Inc. sold $8,200 worth of merchandise on June 1, 2015 on credit. After inspecting the inventory, the customer determined that 10% of the items were defective and returned them to Melannie...
-
2. (20 marks) A firm wishes to produce a single product at one or more locations so that the total monthly cost is minimized subject to demand being satisfied. At each location there is a fixed...
-
Evaluate your own negotiation way. Do you have one? how you consider having an excellent negotiaiton skill could help any business person to achieve its goals.
-
j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Dec. 31 Interest Receivable Interest Revenue Debit Credit
-
A Chief Risk Officer (CRO) is interested in understanding how employees can benefit from AI assistants in a way that reduces risk. How do you respond
-
Consider a new deposit to the Canadian banking system of \(\$ 100 0\). Suppose that all commercial banks have a target reserve ratio of 10 percent and there is no cash drain. The following table...
-
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
-
Create the multiplication table for base 14.
-
Explain how to identify outliers using the interquartile range.
-
Determine whether the statement is true or false. If it is false, rewrite it as a true statement. About one-quarter of a data set falls below Q 1 .
-
Determine whether the statement is true or false. If it is false, rewrite it as a true statement. The second quartile is the mean of an ordered data set.
-
Suppose you bought a bon with an annual coupon rate of 6.5 percent one year ago for $1,032. The bond sells for $1,020 today. a. Assuming a $1,000 face value, what was your total dollar return on this...
-
During the year 2021, William has a job as an accountant, he earns a salary of $100,000. He has done some cleaning services work on his own (self-employed), where he earned a net income of $50,000....
-
Fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000 units are produced. What is the total fixed cost when 30,000 units are produced? Group of answer choices $150,000....
Study smarter with the SolutionInn App