1. Math
  2. Statistics And Probability
  3. a store selling air conditioners offers customers a christmas deal...

Question: a store selling air conditioners offers customers a christmas deal...

Question details

 

A store selling air conditioners offers customers a Christmas deal during the first 16 days of December. The store promises to refund 25% of the air conditioner purchase price if the average temperature, over the first 16 days of December, is more than 3 degrees above the mean temperature for the first 16 days in December. Historical data indicates that daily temperatures in the first 16 days of December are normally distributed with a mean of 28.9 degrees and a standard deviation of 4.5 degrees. What is the probability that a customer will receive a 25% refund?  (4 dec pl)

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution