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Your customers have been divided into 3 groups. The first group represents 15% of customers, and these customers spent an average of $29.76 last year. The second group represents 29% of customers who spent $58.03 on average. Within the third group, average spending was $75.10. You are interested in finding the average spending per customer across all groups. What is the appropriate statistical summary here, to be computed based on this information?
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Findout the variance also standard deviation for the 2 distributions above. Evalute the variation of the data sets.
compute the expected value and variance of U.Determine Expected value and variance using uniform distribution.
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Each vehicle had the gallon of gas added to the empty tank and then driven until empty. Number of miles travelled for all twelve readings are below. Use data to compute the mean and median mileages.
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