The following table shows the price of a text book for quantitive methods in different stores in Zambia: Sorted prices for a text book k113 k120 k123 k126 k128 k129 k136 k139 k142 k143 k145 k146 k147 k152 k153 k153 k159 k161 k163 k165 k166 k166 k167 k169 k169 k170 k172 k180 k183 k199 Assuming the prices are normally distributed; (i) Find the mean of the prices (ii) Find the standard deviation of the prices

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 13CYU
icon
Related questions
Question

The following table shows the price of a text book for quantitive methods in

different stores in Zambia:

Sorted prices for a text book

k113 k120 k123 k126 k128 k129 k136 k139 k142 k143

k145 k146 k147 k152 k153 k153 k159 k161 k163 k165

k166 k166 k167 k169 k169 k170 k172 k180 k183 k199

Assuming the prices are normally distributed;

(i) Find the mean of the prices

(ii) Find the standard deviation of the prices

Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

Blurred answer