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olga_2 [115]
3 years ago
8

If the age distribution of customers at a major retail chain is thought to be bell-shaped with a mean equal to 43 years and a st

andard deviation equal to 7 years, the percentage of customers between the ages of 29 and 57 years is:
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

Around 95%

Explanation:

If the customer population follows a bell-shaped distribution, it means that the age distribution is normal.

For normal populations, around 95% of elements are within two standard deviations from the mean.

In this case, two standard deviations would be:

43+14 = 57

43-14 = 29

Therefore, the percentage of customers who are between 57 and 29 years of age is around 95%.

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a. People respond to incentives.

Explanation:

Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.

Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.

This illustrates or reflect the fact that people respond to incentives.

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<h3>What Is Cost Flow?</h3>

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7 0
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