Qutin 2 Stdies indicate that smal busineses (20-40 employees) in the US. spend an ege of 00c0 a year on marketing Assme the standand deviation is $6200 and the dhtion isproimately ymmetrie and mound shaped. adity the variahle Mentify the esperimental unit What perentage of small buninesses spend less than S17,600 on marketing? di What perentage of small businesses spend between $36,200 and S45,600 on marketing? O What is the minimum amount of money spent on marketing by the top 2.5% of small businese? O Supposea mall husiness spends S1S000 on marketing Would this be an wunlikely ebservation An outlier Orneithert Ue an sppropriate umerical measure to pport your decision
Qutin 2 Stdies indicate that smal busineses (20-40 employees) in the US. spend an ege of 00c0 a year on marketing Assme the standand deviation is $6200 and the dhtion isproimately ymmetrie and mound shaped. adity the variahle Mentify the esperimental unit What perentage of small buninesses spend less than S17,600 on marketing? di What perentage of small businesses spend between $36,200 and S45,600 on marketing? O What is the minimum amount of money spent on marketing by the top 2.5% of small businese? O Supposea mall husiness spends S1S000 on marketing Would this be an wunlikely ebservation An outlier Orneithert Ue an sppropriate umerical measure to pport your decision
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The last 3 d e f
Transcribed Image Text:Question 2 Studies indicate that small businesses (20-40 employees) in the US. spend an
average of S3000 a year on marketing Assume the standard deviation is S6200 and the
distritution isappronimately symmctric and mound-shaped
a Mentify the variable
bị ldentify the experimental unit
What percentage of small businesses spend less than S17,600 on marketing?
d) What percentage of small businesses spend between $36.200 and $48,600 on marketing?
e) What is the minimum amount of money spent on marketing by the toe 2.5% of small
businesses?
O Suppose a small business spends $15,000 on marketing Would this be an unlikely
observation? An outlier?
decision
Or neither? Use an appropriate mumerical measure to support your
21 STAT 0t Aos
Expert Solution
Step 1
Given information
Mean (µ) = 30000
Standard deviation (σ) = 6200
d)
Probability of spending between $36,200 and $48,600 is given by
Step by step
Solved in 3 steps with 3 images
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