Question: Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a Denver Post article, the mean

Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a Denver Post article, the mean of the x distribution is about $20 and the estimated standard deviation is about $7.
Let x represent the dollar amount spent on supermarket impulse
Let x represent the dollar amount spent on supermarket impulse

(c) Let us assume that x has a distribution that is approximately normal. What is the probability that x is between $18 and $22?

Let x represent the dollar amount spent on supermarket impulse

Step by Step Solution

3.42 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a By the central limit theorem the sampling distribution of x is approximately normal with mean an... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

785-S-J-P-D (1188).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!