Finer diner average meal prices

Assignment Help Basic Statistics

Reference no: EM1389388

Meal prices at The Finer Diner are normally distributed with an average price of $8.50 and a standard deviation of $0.75. Find the probability that a) a meal chosen at random is priced above $11.00 b) a meal chosen at random is priced below $6.00. On Tuesday nights when Surf and Turf is offered as the nightly special, the average meal price jumps to $9.50. Considering that the standard deviation remains the same, calculate the probabilities above with this new average price.

A local consultant randomly selects a sample of 36 meals whose mean price is determined to be $8.75. Assuming that σ = $0.75, calculate a 95% confidence interval for the population mean price.

Format your data in a Microsoft® Excel® spreadsheet.

Arrange the data and findings in a manner that is easily understood.

Submit your spreadsheet by clicking the Add Submission button.

Reference no: EM1389388

Questions Cloud

Dendritic and t regulatory cells affect immune tolerance : Describe how Dendritic cells and T regulatory cells affect immune tolerance. And what woulld happen if there is too much immuno tolerance ?

Describe the three stages of medical technology development : Explain how health is affected by behaviors, economics, and social structure. Describe the three stages of medical technology development.

What is the best way to develop and introduce health : What is the best way to develop, introduce, regulate, provide access, and pay for new health technologies in the 21st century?

Information about medication errors : Please discuss the a concise explanation of the problem of medication errors in the hospital. Address statistical numbers and propose a solution.

Finer diner average meal prices : A local consultant randomly selects a sample of 36 meals whose mean price is determined to be $8.75. Assuming that σ = $0.75, calculate a 95% confidence interval for the population mean price.

The annual holding cost is the purchasing price : The coffeehouse estimates that it costs $45 in paperwork and labor to place an order for the coffee, and the annual holding cost is 15% of the purchasing price.

How variables affect your workplace : Identify three discrete variables that appear in your current or future career. How do those variables affect your workplace, your product, or your personnel? How would changes in those variables affect these things?

Describe some of the components-elements : Classroom discussion, no word or page limit: Please describe some of the components/elements of quality management system (QMS)? Suggest a functional area that would benefit from a quality management program.

Create a gis database of information about vietnam : You are asked to create a GIS database of information about Vietnam at scale of 1:100,000. Database will include the following: Which of these features are best represented by raster model? Explain why?

User Account

All Pages