A Manufacturer of Printers Claims That Their Color Cartridge Will

question 94

Short Answer

A manufacturer of printers claims that their color cartridge will print an average of 200 4-by-6 photos with a standard deviation of 60 photos.A random sample of 40 customers counted the number of photos printed with one cartridge.If the manufacturer's claim is correct,what is the probability that the average customer printed less than 195 pages with one cartridge?

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Definitions:

Discount

A reduction applied to a regular price or rate, often used as an incentive for purchasing goods or services.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost and selling price.

Retail Prices

The price at which goods and services are sold to the end consumer, inclusive of markup and VAT.

Markdown

A reduction from the original or retail price of goods or services to increase sales or clear inventory.