## The Cost Per Item At A Supermarket Follows An Exponential

The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $9. 00. What is the percentage of items that cost: 8. value: 10. 00 points Required information a. Less than $6. 00? (Round your answer to 4 decimal places. ) Probability References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities. Check my work 9. value: 10. 00 points Required information b. More than $10. 00? (Round your answer to 4 decimal places. ) Probability References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities. Check my work 10. value: 10. 00 points Required information c. Between $7. 00 and $9. 00? (Round your answer to 4 decimal places. ) Probability References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities. Check my work 11. value: 10. 00 points Required information d. Find the 45th percentile. Fifty five percent of the supermarket items cost more than what amount?(Round your answer to 2 decimal places. ) Amount$

## The cost per item at a supermarket follows an exponential

Question

The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $9.00. What is the percentage of items that cost:

8. value:

10.00 points Required information

a. Less than $6.00? (Round your answer to 4 decimal places.)

Probability

References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities.Check my work

9. value:

10.00 points Required information

b. More than $10.00? (Round your answer to 4 decimal places.)

Probability

References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities.Check my work

10. value:

10.00 points Required information

c. Between $7.00 and $9.00? (Round your answer to 4 decimal places.)

Probability

References eBook & Resources WorksheetDifficulty: 2 IntermediateLearning Objective: 07-05 Describe the exponential probability distribution and use it to calculate probabilities.Check my work

11. value:

10.00 points Required information

d.

Find the 45th percentile. Fifty five percent of the supermarket items cost more than what amount?(Round your answer to 2 decimal places.)

Amount $

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