In a Normal Distribution with a Standard Deviation of 8

question 4

Short Answer

In a normal distribution with a standard deviation of 8, the number 83 has a standardized value of 2.5.
What is the mean of this normal distribution?

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Definitions:

UPS

United Parcel Service, a global shipping and logistics company known for its brown delivery trucks and comprehensive tracking system.

FedEx

A US-based global delivery services corporation recognized for its rapid overnight delivery capabilities and for developing a tracking system that offers immediate updates on the whereabouts of packages.

Temporal Aggregation

The process of combining or summarizing time-series data over longer time periods to simplify analysis, reduce variability, and identify trends.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out.