Question: This needs to be completed in Microsoft excel Meal prices at The Finer Diner are normally distributed with an average price of $8.50 and a

This needs to be completed in Microsoft excel

Meal prices at The Finer Diner are normally distributed with an average price of $8.50 and a standard deviation of $0.75.

Findthe probability that:

  • A meal chosen at random is priced above $11.00
  • A meal chosen at random is priced below $6.00

On Tuesday nights when Surf and Turf is offered as the nightly special, the average meal price jumps to $9.50. Considering that the standard deviation remains the same,calculatethe probabilities above with this new average price.

A local consultant randomly selects a sample of 36 meals whose mean price is determined to be $8.75.Assuming that= $0.75, calculate a 95% confidence interval for the population mean price.

.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!