The price of oranges each week in the wal-mart is normally

Reference no: EM13645678

The price of oranges each week in the Wal-Mart is normally distributed with a mean (µ) of 37.8 cents per pound and a standard deviation (?) is 3 cents. 1-What is the probability that oranges will sell for between 30 and 35 cents per pound in any given week? 2- Sam makes it a policy not to buy oranges unless the price is 33 cents or less per pound. What proportion of the time would he buy oranges? 3- Sara loves oranges. She is willing to buy oranges 95% of the time. But, she doesn't love them enough to buy them when prices are the highest. What is the maximum price per pound that she should have to pay in order to buy oranges 95% of the time?

Reference no: EM13645678

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