In: Statistics and Probability
b. Find the distribution mean and distribution standard deviation for Volume Sold, and answer the question: How many nets does a customer buy in a typical transaction? (Please show in excel)
Table C4-2: Volume, Frequency, and Charge for Wholesale Nets Sold | ||
Volume Sold | Frequency | Amount Charged |
1 | 20 | $3.00 |
2 | 38 | $6.00 |
3 | 53 | $9.00 |
4 | 45 | $12.00 |
5 | 40 | $14.00 |
6 | 13 | $16.00 |
7 | 5 | $18.00 |
8 | 36 | $20.00 |