A small publisher wishes to publish self-improvement books. After a survey of the market, the publisher finds that the mean cost of the type of book that she wishes to publish is $15.00. If she wants to price her books to sell in the middle 34% range, what should the maximum and minimum prices of the books be? The standard deviation is $0.25 and the self-improvement books are normally distributed.

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Q: mean of 3 1 and a standard deviation of 19.5 Complete parts (a) and (b) below Click here to view at…

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.