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In: Statistics and Probability

A quick survey of peanut butter prices had standard deviation and mean of $0.26 and $3.68,...

A quick survey of peanut butter prices had standard deviation and mean of $0.26 and $3.68, respectively. Compute the area for a peanut butter jar costing more than $4.25.

Solutions

Expert Solution

P[X>4.25]

=P[Z>2.19]

=1-0.9857.......................by using Z table.

=0.0143

orchestra answered 1 year ago
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