Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 04 Feb 2018 My Price 4.00

Walt’s car dealership

One of the cars sold by Walt’s car dealership is a very popular subcompact car called Rhino. The final sale price of the basic model of this car varies from customer to customer depending on the negotiating skills and persistence of the customer. Assume that these sale prices of this car are normally distributed with a mean of $19,800 and a standard deviation of $350.

a. Dolores paid $19,445 for her Rhino. What percentage of Walt’s customers paid less than Dolores for a Rhino?

b. Cuthbert paid $20,300 for a Rhino. What percentage of Walt’s customers paid more than Cuthbert for a Rhino?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Feb 2018 08:02 PM My Price 4.00

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