Question: Answer & Explanation . Solved by verified expert @ Rated 7 Helpful Answered by jyotheeswara The price that has to be set is $28.69 [

Answer & Explanation . Solved by verified expert @ Rated 7 Helpful Answered by jyotheeswara The price that has to be set is $28.69 [ rounded to nearest cent ] Step-by-step explanation Given that Prices of similar earrings have average/mean= $26.50 and standard deviation=$3.25 Let X denote the random variable which is " price of similar earrings that were researched" Now, we are looking for the price " a " such that P(A 3 25 = 0.6r4494 2: a = 26.5 + 3.23(0.674494} = 28.692105.. 2 28.69 [rounded to 2 decimals] Hence. The price that has to be set is $28.69

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