The mean of a distribution of selected theme park admission prices is $59 with a standard deviation
Question:
The mean of a distribution of selected theme park admission prices is $59 with a standard deviation of $3.99. The mean cost of a distribution of a specific home stereo system sold at many different stores is $1,499 with a standard deviation of $4.
a. Which distribution has the lower standard deviation?
b. Which distribution is more spread out? Explain.
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a Since the standard deviation of the theme park admission prices is 399 and the standard deviati...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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