Suppose the Average Price for New Cars in 2012 Has

question 146

Multiple Choice

Suppose the average price for new cars in 2012 has a mean of $30,100 and a standard deviation of $5,600.Based on this information,what interval of prices would we expect at least 89% of new car prices to fall within?

• A) $24,500 to $35,700
• B) $18,900 to $41,300
• C) $13,300 to $46,900
• D) $7.700 to $52,500

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Definitions:

Teamwork

Collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Lateral Decision Making

A collaborative approach to decision-making that involves peers at the same hierarchical level, promoting inclusivity and collective intelligence.

Hierarchical Decision Making

A structured process of making decisions that is typically characterized by orders or directives passing down from higher levels in an organization to lower levels.

Heterarchy

A system of organization where elements are unranked or where they possess the potential to be ranked in a number of different ways, emphasizing distributed power and decentralized decision-making.