The mean of the probability distribution below is 37.05, with a variance of 36.75 and standard deviation of 6.06. Number of kilograms of corn sold per day (x) Probability P(x) 30 40 42 45 0.30 0.10 0.15 0.10 0.10 0.25 21. How would you interpret the mean value of 37.05? A. The least number of kilograms of corn that will be sold in a day is 37 kilograms. B. The highest number of kilograms of corn that will be sold in a day is 37 kilograms
The mean of the probability distribution below is 37.05, with a variance of 36.75 and standard deviation of 6.06. Number of kilograms of corn sold per day (x) Probability P(x) 30 40 42 45 0.30 0.10 0.15 0.10 0.10 0.25 21. How would you interpret the mean value of 37.05? A. The least number of kilograms of corn that will be sold in a day is 37 kilograms. B. The highest number of kilograms of corn that will be sold in a day is 37 kilograms
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
Please answer 21 and 22
![The mean of the probability distribution below is 37.05, with a variance of 36.75 and standard
deviation of 6.06.
Number of kilograms of
corn sold per day (x)
Probability P(x)
30
32
36
40
42
45
0.30
0.10
0.15
0.10
0.10
0.25
21. How would you interpret the mean value of 37.05?
A. The least number of kilograms of corn that will be sold in a day is 37 kilograms.
B. The highest number of kilograms of corn that will be sold in a day is 37 kilograms.
C. The average number kilograms of corn that will be sold in a day is 37 kilograms.
D. No interpretation can be made about the mean value of 37.05.
22. If you are the owner of a Retail Store, how many kilograms of corn will
you prepare to
ensure that you can supply the demands of your customers every day?
A. 10 kilograms and below
B. 11-20 kilograms
C. 21-30 kilograms
D. 30 kilograms and above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf7f955a-7139-4f12-8fb8-0e14aae6ab6b%2F8887e0da-ea3a-483c-a12e-d96da83d4821%2Fpynkfue_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The mean of the probability distribution below is 37.05, with a variance of 36.75 and standard
deviation of 6.06.
Number of kilograms of
corn sold per day (x)
Probability P(x)
30
32
36
40
42
45
0.30
0.10
0.15
0.10
0.10
0.25
21. How would you interpret the mean value of 37.05?
A. The least number of kilograms of corn that will be sold in a day is 37 kilograms.
B. The highest number of kilograms of corn that will be sold in a day is 37 kilograms.
C. The average number kilograms of corn that will be sold in a day is 37 kilograms.
D. No interpretation can be made about the mean value of 37.05.
22. If you are the owner of a Retail Store, how many kilograms of corn will
you prepare to
ensure that you can supply the demands of your customers every day?
A. 10 kilograms and below
B. 11-20 kilograms
C. 21-30 kilograms
D. 30 kilograms and above
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman