What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is defined as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon. Age range, years 18-28 29-39 40-50 51-61 62 and over Midpoint x 23 34 45 56 67 Percent of super shoppers 10% 47% 23% 9% 11%   For the 62-and-over group, use the midpoint 67 years. (a)Using the age midpoints x and the percentage of super shoppers, do we have a valid probability distribution? pick correct answer: -No. The events are indistinct and the probabilities sum to more than 1 -No. The events are distinct and the probabilities sum to 1.    -Yes. The events are distinct and the probabilities do not sum to 1. -Yes. The events are distinct and the probabilities sum to 1. -Yes. The events are indistinct and the probabilities sum to less than 1.   b) Compute the expected age ? of a super shopper. (Round your answer to two decimal places.) ? =  yr   c) Compute the standard deviation ? for ages of super shoppers. (Round your answer to two decimal places.) ? =  yr

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
icon
Related questions
Question
What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is defined as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon.
Age range, years 18-28 29-39 40-50 51-61 62 and over
Midpoint x 23 34 45 56 67
Percent of super shoppers 10% 47% 23% 9% 11%

 

For the 62-and-over group, use the midpoint 67 years.
(a)Using the age midpoints x and the percentage of super shoppers, do we have a valid probability distribution? pick correct answer:
-No. The events are indistinct and the probabilities sum to more than 1
-No. The events are distinct and the probabilities sum to 1.   
-Yes. The events are distinct and the probabilities do not sum to 1.
-Yes. The events are distinct and the probabilities sum to 1.
-Yes. The events are indistinct and the probabilities sum to less than 1.
 
b) Compute the expected age ? of a super shopper. (Round your answer to two decimal places.)
? =  yr
 
c) Compute the standard deviation ? for ages of super shoppers. (Round your answer to two decimal places.)
? =  yr
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Knowledge Booster
Research Ethics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax