C. The following table shows the price of a text book for quantitive methods in different stores in Zambia: k113 k120 k123 k145 k146 k147 k166 Sorted prices for a text book k128 k129 k136 k139 k142 k143 k153 k159 k161 k163 k165 k172 k180 k183 k199 k126 k152 k153 k166 k167 k169 k169 k170 Assuming the prices are normally distributed; (i) Find the mean of the prices. (ii) Find the standard deviation of the prices. Page 2 of 4 (iii) Find the percentage of values within one standard deviation around the mean. (iv) Find the percentage of values within two standard deviations around the mean. (v) Find the percentage of values within three standard deviations around the mean.

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C. The following table shows the price of a text book for quantitive methods in
different stores in Zambia:
Sorted prices for a text book
k126 k128 k129 k136
k152 k153
k166 k167 k169 k169
k113 k120 k123
k145 k146 k147
k166
k139 k142 k143
k153 k159 k161 k163 k165
k170 k172 k180 k183 k199
Assuming the prices are normally distributed;
(i) Find the mean of the prices.
(ii) Find the standard deviation of the prices.
Page 2 of 4
(iii) Find the percentage of values within one standard deviation around the
mean.
(iv) Find the percentage of values within two standard deviations around the
mean.
(v) Find the percentage of values within three standard deviations around the
mean.
Transcribed Image Text:C. The following table shows the price of a text book for quantitive methods in different stores in Zambia: Sorted prices for a text book k126 k128 k129 k136 k152 k153 k166 k167 k169 k169 k113 k120 k123 k145 k146 k147 k166 k139 k142 k143 k153 k159 k161 k163 k165 k170 k172 k180 k183 k199 Assuming the prices are normally distributed; (i) Find the mean of the prices. (ii) Find the standard deviation of the prices. Page 2 of 4 (iii) Find the percentage of values within one standard deviation around the mean. (iv) Find the percentage of values within two standard deviations around the mean. (v) Find the percentage of values within three standard deviations around the mean.
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Step 1

As per the Bartleby guildlines we have to solve first three subparts and rest can be reposted...

 

Given that

Statistics homework question answer, step 1, image 1

We have to find

a..mean of prices 

b.. standard deviation of prices

c.. percentage of values within one standard deviation around the mean 

 

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