Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Consignment Sale. Just Between Friends is the leading pop-up consignment sales event franchise in North America. The Des Moines event for Just Between Friends takes place each year at the Iowa State Fairgrounds for one week in the spring and one week in the fall. Families can earn money on gently used baby clothes, baby gear, maternity items, kids' clothes, shoes, toys, and books. Families sign-up as consignors and then price and tag their own items. At the end of the sale, consignors are given a check based on their item sales. Using historical records, the Des Moines event organizers advertise that their consignor check amounts follow a bell-shaped distribution (symmetric and unimodal) with a mean of $480 and a standard deviation of $110. Use the Empirical Rule: What percentage of consignors receive a check for more than $370

Sagot :

anthougo

Answer:

Just Between Friends

The percentage of consignors who receive a check for more than $370 is:

= 16%.

Step-by-step explanation:

Mean of consignor check, μ = $480

Standard deviation, σ = $110

Value of check received, x > $370

Solution: find the z-score to determine the percentage of consignors who receive a check for more than $370:

z = (x-μ)/σ

z= ($370 - $480)/$110

z = -$110/$110

z = -1.00

Percentage of consignors who receive a check for more than $370

= 0.15866

= 0.16

= 16%

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.