A Manufacturer of Power Tools Claims That the Average Amount

question 89

Short Answer

A manufacturer of power tools claims that the average amount of time required to assemble their top-of-the-line table saw is 80 minutes with a standard deviation of 40 minutes.
-Suppose a random sample of 64 purchasers of this table saw is taken.The probability that the sample mean will be between 77 and 89 minutes is________

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Definitions:

Tying Strategy

A sales strategy where one product or service is sold conditional on the purchase of another product or service.

Profit-Maximizing Price

The price point at which a company can sell its product or service to achieve the highest possible profit.

High Speed Internet

High speed internet refers to broadband internet service that provides high data rate access to the internet, facilitating faster browsing, streaming, and downloading.

Cable Television

A system for delivering television programming to paying subscribers via radio frequency signals transmitted through coaxial cables or digital light pulses.