Webrooming, researching products online before buying them in-store, has become the new norm for some consumers and contrasts with showrooming, researching products in a physical store before purchasing online. A recent study reported that most shoppers have a specific spending limit in place while shopping online. Findings indicate that men spend an average of $270 online before they decide to visit a store. Assume that the spending limit for men is normally distributed and that the standard deviation is$22. A. What is the probability that a male spent less than $224 online before deciding to visit a store? ___. B. What is the probability that a male spent between $294 and$320 online before deciding to visit a store? ___. C. Ninety-seven percent of the amounts spent online by a male before deciding to visit a store is less than what value? $__. D. Ninety-five percent of the amounts spent online by a male before deciding to visit a store is between what two values symmetrically distributed around the mean? Between $__ and $___.
Webrooming, researching products online before buying them in-store, has become the new norm for some consumers and contrasts with showrooming, researching products in a physical store before purchasing online. A recent study reported that most shoppers have a specific spending limit in place while shopping online. Findings indicate that men spend an average of $270 online before they decide to visit a store. Assume that the spending limit for men is
A. What is the probability that a male spent less than $224 online before deciding to visit a store? ___.
B. What is the probability that a male spent between $294 and$320 online before deciding to visit a store? ___.
C. Ninety-seven percent of the amounts spent online by a male before deciding to visit a store is less than what value? $__.
D. Ninety-five percent of the amounts spent online by a male before deciding to visit a store is between what two values symmetrically distributed around the mean? Between $__ and $___.
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