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Mathematics, 21.06.2019 12:30
Muscles, a membership-only gym is hoping to open a new branch in a small city in pennsylvania that currently has no fitness centers. according to their research approximately 12,600 residents live within driving distance of the gym. muscles sends out surveys to a sample of 300 randomly selected residents in this area (all of who respond) and finds that 40 residents say they would visit a gym if one was located in their area. based on the past survey research, muscles estimates that approximately 30% of these respondents would actually join the gym if they opened one in the area. based on this information and the results of the sample survey, about how many residents should muscles expect to join its new branch? a) 134 b) 504 c) 1,680 d) 3,780
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Mathematics, 21.06.2019 21:40
The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends more than a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
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