The Age of Customers for a Particular Retail Store Follows

question 149

Short Answer

The age of customers for a particular retail store follows a normal distribution with a mean of 37.5 years and a standard deviation of 7.6 years.What is the probability that the next customer who enters the store will be between 40 and 45 years old?

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Definitions:

Service Triad

A model in service management involving the interaction between three key entities: the service provider, the customer, and the service itself, focusing on optimizing mutual value.

Coproducer

An entity or party that collaborates with another to produce goods or services, often sharing resources and responsibilities.

Organizational Learning

The process through which a company or institution acquires, improves, and transfers knowledge, thereby enhancing performance over time.

Supply Assurance

An approach to ensure continuous and reliable provision of goods, often by managing risks in the supply chain.