The cost of items at a supermarket follow an exponential distribution. There are many inexpensive items and a few relativlely expensive ones. The mean cost per item is $13.0. What is the percentage of items that cost: More than $14., and between $11.0 and $13.0?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 9PPS
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The cost of items at a supermarket follow an exponential distribution. There are many inexpensive items and a few relativlely expensive ones. The mean cost per item is $13.0. What is the percentage of items that cost: More than $14., and between $11.0 and $13.0?

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