Olive-Oil producers have expanded to approximately 120 producers

Ask a New Question

Olive-Oil producers have expanded to approximately 120 producers statewide. Analysts estimate the average price consumers pay for a bottle of olive oil is $21, with a standard deviation of $2.40. What is the probability that the average price paid by a random sample of 36 olive-oil buying consumers is less than $22?

Ask a New Question or answer this question.

Similar Questions

How are producers different from consumers? Choose one answer.A. Producers want to buy products from consumers. B. Producers
1. 1 answer
how are producers different from consumers?a producers want to buy products from consumers b producers want low demand for goods
1. 1 answer
In a market economy, a high price will usually causeA) producers to offer less and consumers to buy less. B) producers to offer
1. 7 answers
A pyramid of numbers demonstrates that a community hasa) producers who depend on consumers for food b) more producers than
1. 2 answers