Two different cable company’s basic channel line up and number of customers are nearly identical but the companies vary in their pricing based on location.
• Carter Cable charges customers a mean monthly price of $60 with a standard deviation of $14
• Eighty & Tee cable charges customers a mean monthly price of $60 with a standard deviation of $5
Which of the following statement is most likely to be true?
a. On average, Carter Cable charges $9 less
b. Eighty & Tee cable is more consistent with its pricing.
c. On average, Carter Cable charges $9 more.
d. Carter Cable is more consistent with its pricing.