1. The price of bananas each week in Walmart is normally distributed with a mean (µ)...
1. The price of bananas each week in Walmart is normally distributed with a mean (µ) of 37.8 cents per pound and a standard deviation (?) is 3cents.
Please answer the following questions:
- What is the probability that bananas will sell for between 30 and 35 cents per pound in any given week?
- Meganmakesit a policy not to buy bananas unless the price is 33cents or less per pound. What proportion of the time would hebuy bananas?
- Troyloves bananas. Heis willing to buy bananas 95% of the time. But, she doesn’t love them enough to buy them when prices are the highest. What is the maximum price per pound that sheshould have to pay in order to buy bananas 95% of the time?
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1. The price of bananas each week in Walmart is normally
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