Limeon has become the fastest growing energy drink in the U.S. The average retail price is $100.00/case. The known std. dev. of price is$10.00/case. The owner of a local supermarket sells and average of 250 cases per month; with a known standard deviation of 50 cases.What is the probability of choosing a case of Limeon at random with a price less than $96.00? Round your answer to the three decimalsplaces.

Given information: The average retail price is μ=100. The known population standard deviation is…

Answered: Limeon has become the fastest growing…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Similar questions

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