Reference no: EM13338480
Suppose Mercedes is concerned that the dealer prices of the CLK 320are not consistent and that even though the average price is$45,750, actual prices are normally distributed with a standarddeviation of $2,981. Suppose also that Mercedes believe that at$44,000, the CLK 320 is priced out of the BMW 330ci.
-What percentage of the dealer prices for the Mercedes is more than$44,000 and hence priced out of the BMW 330ci is market?
The average price for a BMW 330ci is $37,600. Suppose these pricesare also normally distributed with a standard deviation of$2,367.
-What percentage of BMW dealers are prcing the 330ci at more thanthe average price for a CLK 320? -What might this mean to BMW ifdealers were pricing the 330ci's at this level?
-What percentage of Mercedes dealers are prcing the CLK 320 at lessthan the average price of a 330ci?
Suppose a BMW dealer is selling a 330ci for $40,000.
-What percentage of Mercedes dealers price the CLK 320 less thanthis price?
-In terms of the CLK 320 competing with the 330ci by price, whatdo these data tell you?
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: Suppose Mercedes is concerned that the dealer prices of the CLK 320are not consistent and that even though the average price is$45,750, actual prices are normally distributed with a standarddeviation of $2,981. Suppose also that Mercedes believe that..
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