Answered: local grocery store is frustrated with…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section: Chapter Questions

Problem 22SGR

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Advanced Math A local grocery store is frustrated with the spoilage of unsold bean sprouts. They sell each bag of bean sprouts for $2.50. The purchase price is 50 cents. During the past year, the mean sales of bean sprouts in cases was 750 bags, and the standard deviation was 59. How many cases of bean sprouts should be they purchase? Assume that sales follow a normal distribution. Round your answer to the nearest whole number.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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