Question
The prize for winning a contest can be chosen from category A or category B. Prizes from
category A have a mean of $1000 and a standard deviation of $50. Prizes from category B
have a mean of $1000 and a standard deviation of $300. Describe an advantage of each prize
category.
category A have a mean of $1000 and a standard deviation of $50. Prizes from category B
have a mean of $1000 and a standard deviation of $300. Describe an advantage of each prize
category.
Answers
scott
A ... the lowest prize is not far from the mean
B ... you COULD win almost double the mean
B ... you COULD win almost double the mean