National average price per pound for ospertan basil oil

Reference no: EM13104396

It was thought that the national average price per pound for Ospertan Basil Oil in 1999 in the US was $14 per pound. Since that time the Ospertan Basil Oil Cartel (OBOC) has tried to limit the supply of Ospertan Basil Oil reaching the U.S in order to change the price. The OBOC commissioned a study to determine if there has been a change in the price since 1999. They sampled 43 Ospertan Basil Oil distributors and found the price per pound at each of those establishments. Answer the following questions about this data(prices).

Do the sampled basil prices appear to come from a normal distribution?

Reference no: EM13104396

Questions Cloud

Distinctions between procedural and distributive justice : What are the distinctions among procedural, interactional, and distributive justice? List ways in which you could increase each of these justice perceptions.

Define probability-sampling methods and confidence interval : Define probability and explain the three perspectives. Provide an example of each. Describe the difference between subjective and probabilistic sampling methods. What are the advantages and disadvantages of each?

Explain interaction of hazardous materials involved incident : Research the 1976 highway accident in Houston, Texas involving anhydrous ammonia. Explain the interactions of hazardous materials involved in incident and kind of mitigation required.

National average price per pound for ospertan basil oil : It was thought that the national average price per pound for Ospertan Basil Oil in 1999 in the US was $14 per pound. Since that time the Ospertan Basil Oil Cartel (OBOC) has tried to limit the supply of Ospertan Basil Oil reaching the U.S in order..

Explain the best strategic planning and implementation : From some organization(s) where you have worked (or someone else has worked), write 2 scenarios from the strategic perspective as follows, Explain the BEST strategic planning and implementation.

Explain history of world civilizations : A famous publishing company, has contacted you about possibility of writing new textbook for first semester History of World Civilizations course, potentially very lucrative undertaking.

Analyzing or rejection of a lot of incoming material : The quality control manager for ENTA Inc. must decide whether to accept (a1), further analyze (a2) or reject (a3) a lot of incoming material. Assume the following payoff table is available.

What is the transverse speed for a point on the string : The function y(x, t) = (25.0 cm) cos(?x - 20?t), with x in meters and t in seconds, describes a wave on a taut string. What is the transverse speed for a point on the string at an instant when that point has the displacement y = +22.0 cm?

User Account

All Pages