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 |