The retail price of a medium-sized box of a well-known brand of cornflakes ranges from $3.14...
The retail price of a medium-sized box of a well-known brand of cornflakes ranges from $3.14 to $3.64. Assume these prices are uniformly distributed.
**(Round your answer to 3 decimal places.)
***(Round your answer to 4 decimal places.)
(a) What is the average price in this
distribution?
(b) What is the standard deviation of prices in
this distribution?
(c) If a price is randomly selected from this
list, what is the probability that it will be between $3.31 and
$3.38?
Homework Answers
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The retail price of a medium-sized box of a well-known brand of
cornflakes ranges from $3.14...
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3.
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