Home / Expert Answers / Statistics and Probability / as-the-new-manager-of-a-small-corverience-stoce-you-want-to-understand-the-shopping-patterns-of-yo-pa967

(Solved): As the new manager of a small corverience stoce, you want to understand the shopping patterns of yo ...




As the new manager of a small corverience stoce, you want to understand the shopping patterns of your customers. You randomly
As the new manager of a small corverience stoce, you want to understand the shopping patterns of your customers. You randomly. sample 20 purchases from yesterday's records. The amounts of those purchases (in doilars) are shown to the right. Complete parts a) through c). a) Standardize the minimum and maximum purchase using a mean of and a standard deviation of The -score for the minimum purchase is and the -score tor the maximum purchase is (Round to two decimal places as needed.) b) Which has the more extreme z-score, the min or the max? The -score is more extreme. c) How large a purchase would a purchase with a z-score of be? A purchase with a z-score of would be 3 (Round to two decimal places as needed.)


We have an Answer from Expert

View Expert Answer

Expert Answer


Solution:From given data,n=20a).mean=?=45.25Standard deviation=?=20.69The minimum Z-score corresponding to
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe