A manager of a grocery store wants to determine if consumers are spending
more than the national average of $150 with a standard deviation of $30. The
manager collects 10 random receipts and finds that the average customer
spends $160. He then concludes that his customers do spend more than the
national average. a) What do you see as his error in this assumption? b) How
could you redesign the study to correct it?*
Your answer
How can understanding normal distributions help us interpret test scores and
other real-life data? *
Your answer
How can we decide if an event that seems weird is actually unusual or fairly
likely?

At river bank, checking account customers earn 0.75% interest a month on their account balances, pay no service fees for writing checks, and pay a monthly $2.00 financial charge. calculate the income earned in one month on the checking account for a customer with an account balance of $1,000. a. $4.25 b. $5.50 c. $6.75 d. $7.25 checking account earnings at baker’s bank are expressed by the equation: i = -0.09x + 10.2. while the earnings at elite bank are modeled by: i = -0.02x + 7.5. in both cases, x is the number of checks written. at what number of checks will elite bank start generating more checking account income than baker's bank? a. 12 b. 25 c. 39 d. 42 emilio’s checking account had a balance of 728.32 at the beginning of the week. he wrote checks for the following amounts throughout the week: $99.48, $33.50, $18.23, and $72.05. he also deposited his paycheck in the amount of $1,109.90. what is his account balance at the end of the week? a. $1,192.35 b. $1,222.86 c. $1,540.52 d. $1,614.96