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April 16, 2014

Homework Help: Statistics

Posted by Amber on Thursday, November 17, 2011 at 1:30pm.

Olive-Oil producers have expanded to approximately 120 producers statewide. Analysts estimate the average price consumers pay for a bottle of olive oil is $21, with a standard deviation of $2.40. What is the probability that the average price paid by a random sample of 36 olive-oil buying consumers is less than $22?

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