You have heard that customers will try a new caterer if the price is 20% below their existing caterer. Your competitor prices a
1 answer:
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Answer:
0.42 is closest to the proportion of customer purchase amounts between $14.00 and $16.00
Step-by-step explanation:
Mean =
Standard deviation =
We are supposed to find the proportion of customer purchase amounts between $14.00 and $16.00
P(14<x<16)
Formula :
At x = 14
Refer the z table for p value
P(x<14)=0.1922
At x = 16
Refer the z table for p value
P(x<16)=0.6141
P(14<x<16)=P(x<16)-P(x<14)=0.6141-0.1922=0.42
So, Option C is true
Hence 0.42 is closest to the proportion of customer purchase amounts between $14.00 and $16.00