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A small hair salon in Denver, Colorado, averages about 88 customers on weekdays with a standard deviation of 8. It is safe to assume that the underlying distribution is normal. In an attempt to increase the number of weekday customers, the manager offers a $5 discount on 5 consecutive weekdays. She reports that her strategy has worked since the sample mean of customers during this 5 weekday period jumps to 95.
a. What is the probability to get a sample average of 95 or more customers if the manager had not offered the discount?
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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