The Amount of Time Required for an Oil and Filter

question 107

Short Answer

The amount of time required for an oil and filter change on an automobile is normally distributed with a mean of 45 minutes and a standard deviation of 10 minutes.A random sample of 16 cars is selected.What is the probability that the sample mean is between 45 and 52 minutes?

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Definitions:

Markdowns

Reductions from the original selling price of goods, often used to clear inventory or stimulate sales.

Everyday Low Pricing

A pricing strategy where companies consistently offer products at low prices rather than relying on sales or discounts.

Retail Pricing Strategy

The approach a retailer uses to price its products or services, aimed at achieving a balance between profit margins and market competitiveness.

Markdowns

Reductions in the selling price of goods, often to clear old stock or during sales promotions.