On a Given Day, the Price of a Gallon of Milk

question 132

Multiple Choice

On a given day, the price of a gallon of milk had a mean price of $2.03 with a standard deviation of $0.07. A particular food store sold milk for $1.96/gallon. Interpret the z-score for this gas station.

• A)The milk price of this food store falls 1 standard deviation below the milk gas price of all food stores.
• B)The milk price of this food store falls 7 standard deviations below the mean milk price of all food stores.
• C)The milk price of this food store falls 7 standard deviations above the mean milk price of all food stores.
• D)The milk price of this food store falls 1 standard deviation above the mean milk price of all food stores.

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Definitions:

Design

The process of conceptualizing and planning the creation of objects, systems, or interactions with specific considerations for function, aesthetics, and usability.

Delivery of Services

The process of providing a service to a customer or client, including all activities, decisions, and interactions that occur from the initial service design to the final delivery.

Customer Participation

Customer participation refers to the involvement of customers in the production or delivery process of a service, which can influence satisfaction and service quality.