National average price per pound for ospertan basil oil

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Reference no: EM13104396

It was thought that the national average price per pound for Ospertan Basil Oil in 1999 in the US was $14 per pound. Since that time the Ospertan Basil Oil Cartel (OBOC) has tried to limit the supply of Ospertan Basil Oil reaching the U.S in order to change the price. The OBOC commissioned a study to determine if there has been a change in the price since 1999. They sampled 43 Ospertan Basil Oil distributors and found the price per pound at each of those establishments. Answer the following questions about this data(prices).

Do the sampled basil prices appear to come from a normal distribution?

Reference no: EM13104396

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