Mathematics, 07.01.2021 18:50 cylertroutner
What is the income distribution of super 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. In the following table, income units are in thousands of dollars, and each interval goes up to but does not include the given high value. The midpoints are given to the nearest thousand dollars.
Income range 5-15 15-25 25-35 35-45 45-55 55 or more
Midpoint x 10 20 30 40 50 60
Percent of super shoppers 20% 13% 21% 17% 20% 9%
Required:
Using the income midpoints x and the percent of super shoppers, do we have a valid probability distribution? Explain.
Answers: 2
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What is the income distribution of super shoppers? A supermarket super shopper is defined as a shopp...
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