Question

Q19) Good Chilean Temprenillo has become very popular. The average price is $9.00/bottle. The known std. dev. is $4.00. What is the probability of selecting a bottle at random that has a price less than $12.00? (Assume Normal Distribution)

Group of answer choices

0.2266

0.7266

(ANSWER) 0.7734

0.2734

Given the data in Question #19 above, what is the probability of selecting 3 bottles that have an average price greater than $12.00? Assume Normal Distribution.

Group of answer choices

0.3413

0.4772

0.0968

0.9772

Answer 1

Φ(1.29) = 0.90147 from the Normal table.