Bell-shaped and that 95 of all daily sales fell between, Ask an Expert

Statistics

In the annual report a major food chain stated that the distribution of daily sales at their stores is known to be bell-shaped and that 95% of all daily sales fell between $19,200 and $36,400. Based on this information what were the mean sales? What was the standard deviation?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9114925

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

A sample of 189 randomly selected students found that the

A sample of 189 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.66. What is the Standard Deviation of the sampling distribution?

A process is normally distributed with a mean of 104

A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...

How does a market-maker decide the edge offset required to

How does a market-maker decide the edge (offset) required to perform an options trade? Explain why this edge would be different for options of different strikes as well as for option combinations?

The following is data a veterinarian collected from some of

The following is data a veterinarian collected from some of her clients. It is a rough estimate % of dogs weight and how long the dog lived estimate of dog's weight(xi) life span(yi) 20 ...

There are 2 white balls and 8 red balls in an

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

What are the benefits of a country having a positive

What are the benefits of a country having a positive Current Account and what are the benefits of a country having a negative Current Account?

According to national data about 14 of american college

According to national data, about 14% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 24 undergraduates in a random sample of 200 students will earn a colleg ...

Calculate the rate of return available to shareholders for

Calculate the rate of return available to shareholders for a company financing $1 million of assets with the following three arrangements: i. all equity ii. 50 percent equity and 50 percent debt at an interest rate of 12 ...

Assignment -a dashboard-type report for the case study you

Assignment - A dashboard-type report for the case study. You may use Excel or Tableau. The data analysis should be improved from Assignment 1 based on the feedback received and further tools and techniques you learnt in ...

You work as a purchasing manger at walter pharmaceuticals

You work as a purchasing manger at walter Pharmaceuticals. Yor currnet suppliers of raw materials has an average delivery time of 14 days. Another vendor approaches you and says that they can match your current vendors's ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert