quiz Attempt due: Ma (2) days past the deadline. The correct answers for the quiz will become available after all 31 Minutes, 2 lents have completed and submitted the quiz, at which point late submissions will no longer be epted. Question 1 0.5 pts California's Olive Oil is marketed as a perishable product to compete with imports. It's pricing of a 500 mL bottle follows a normal distribution with a mean of $21.00 and a standard deviation of $3.00. If a governmental authority were testing for "price fixing" but took a larger sample of 25 bottles of olive oil, what is the probability that they would find an average price greater than $22.50? Assume a normal distribution. 0.0062 O 0.0004 O 0.3217 O 0.4011

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Attempt due: Ma
(2) days past the deadline. The correct answers for the quiz will become available after all
31 Minutes, 2
lents have completed and submitted the quiz, at which point late submissions will no longer be
epted.
Question 1
0.5 pts
California's Olive Oil is marketed as a perishable product to compete with
imports. It's pricing of a 500 mL bottle follows a normal distribution with a mean
of $21.00 and a standard deviation of $3.00. If a governmental authority were
testing for "price fixing" but took a larger sample of 25 bottles of olive oil, what
is the probability that they would find an average price greater than $22.50?
Assume a normal distribution.
0.0062
O 0.0004
O 0.3217
O 0.4011
Transcribed Image Text:quiz Attempt due: Ma (2) days past the deadline. The correct answers for the quiz will become available after all 31 Minutes, 2 lents have completed and submitted the quiz, at which point late submissions will no longer be epted. Question 1 0.5 pts California's Olive Oil is marketed as a perishable product to compete with imports. It's pricing of a 500 mL bottle follows a normal distribution with a mean of $21.00 and a standard deviation of $3.00. If a governmental authority were testing for "price fixing" but took a larger sample of 25 bottles of olive oil, what is the probability that they would find an average price greater than $22.50? Assume a normal distribution. 0.0062 O 0.0004 O 0.3217 O 0.4011
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