Reference no: EM131867278
Please answer the following questions displaying the excel formula.
A popular retail store knows that the distribution of purchase amounts by its customers is approximately normal with a mean of $30 and a standard deviation of $9. Below you will find normal probability and percentile calculations related to the customer purchase amounts.
Probability Calculations
P(Sales < $ 15.00) = 0.048, P(Sales < $ 20.00) = 0.133,
P(Sales < $ 25.00) = 0.289, P(Sales < $ 35.00) = 0.711
Percentiles Calculations
1st Percentile = $9.06, 5th Percentile = $15.20,
95th Percentile = $44.80, 99th Percentile = $50.94
What two dollar amounts, equidistant from the mean of $30, such that 90% of all customer purchases are between these values?
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