Question

A car manufacturer produced 5,000 cars for a limited edition model. Dealers sold all of these cars at mean price

Answer 1

Answer:

μₓ = 36,000 dollars

σ ₓ= 1,000 dollars

Show work:

to find μₓ = 36,000 dollars:

Look in the question, it states that the mean is $36,000.

to find σ ₓ= 1,000 dollars:

$\frac{3000}{\sqrt{9} } = 1000$