The management of a supermarket wants to adopt a new promotional policy of giving a free giftto every customer who spends more than a certain amount per visit at this supermarket. Theexpectation of the management is that after this promotional policy is advertised, theexpenditures for all customers at this supermarket will be normally distributed with a mean of$95 and a standard deviation of $32.37. If the management decides to give free gifts to all thosecustomers who spend more than $140 at this supermarket during a visit, what percentage ofthe customers are expected to get free gifts?Round your answer to two decimal places.% of the customers are expected to get free gifts.

Given data: Mean (μ)=$95Standard devition (σ) = $32.37

Answered: The management of a supermarket wants…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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