According to the U.S. Department of Labor, the average American household spends $762 on personal care products
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According to the U.S. Department of Labor, the average American household spends $762 on personal care products and services per year. Suppose annual expenditures on personal care products and services per household are uniformly distributed between the values of $376 and $1,148. What are the standard deviation and the height of this distribution? What proportion of households spend more than $950 per year on household supplies? What proportion of households spend more than $1,200 per year on household supplies? What proportion of households spend between $475 and $600 on household supplies?
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119607458
10th Edition
Authors: Ken Black
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