Question

68-95-99.7 Rule

Answer 1

9514 1404 393

Answer:

  95%

Step-by-step explanation:

The given limits differ from the mean by ...

  1.30 -1.50 = -0.20

  1.70 -1.50 = 0.20

These values are 2 × the standard deviation of 0.10. The 68-95-99.7 rule tells you that 95% of the population lies within 2 standard deviations of the mean.

For this question, that means 95% of customers are willing to pay between $1.30 and $1.70.