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Estimate the daily price of coffee

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Question: The daily price of coffee is approximately normally distributed over a period of 15 days with a mean in April 2007 of $1.35 per pound (on the wholesale market) and standard deviation of $0.15. Find a price such that the probability in the next 15 days that the price will go below it will be 0.90.

Reference no: EM131692607

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