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In: Statistics and Probability

b. Find the distribution mean and distribution standard deviation for Volume Sold, and answer the question:...

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

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