Question

A small business uses a website to sell clothing and accessories. the owners use data analytics and have determined , based on the past 6 months of web visit data, that on any given day the website receives an average of, μ=300 visits (hits) per day.

(a) Using Chebysheff's theorem find the Chebysheff Confidence interval,Iκ, which indicates the number of consumers that will visit the website at least 75% of the time (days).

(b) If the average purchase per customer is $50. Based on the results in part a , what daily revenue can the owners expect at least 75% of the days?

A large data sample from the past 8 club tournaments was analyzed by the club pro instructing stuff who determined the following statistics (in strokes)for the golf scores recorded in the tournaments.

Max Score=140 Min Score=70 Average Score=90 Standard Deviation=8

(a) Find the Max/Min standardized score for a golfer whose score=105

(b)Calculate the normalized score,N, for a golfer whose score=114

Answer 1