What is the probability to get a sample average of 95 or


A small hair salon in Denver, Colorado, averages about 88 customers on weekdays with a standard deviation of 8. It is safe to assume that the underlying distribution is normal. In an attempt to increase the number of weekday customers, the manager offers a $5 discount on 5 consecutive weekdays. She reports that her strategy has worked since the sample mean of customers during this 5 weekday period jumps to 95.

a. What is the probability to get a sample average of 95 or more customers if the manager had not offered the discount?

Solution Preview :

Prepared by a verified Expert
Business Management: What is the probability to get a sample average of 95 or
Reference No:- TGS02241030

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)