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.
Chapter 1, Application 1.3 #13
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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Answer
a. The first distribution is obviously not more spread out than the second distribution. The…View the full answer
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790