Concept explainers
a.
To calculate new price.
a.
Answer to Problem 10.5.1P
Explanation of Solution
Given information:
Mean of rival =10.99
Formula used:
Calculation:
For S
Using mean formula to calculate mean
On solving,
Substracting mean of S with the rival to obtain new data
b.
To calculate mean and standard deviation.
b.
Answer to Problem 10.5.1P
S's mean and SD
New mean and SD
Explanation of Solution
Given information:
Mean of rival =10.99
Formula used:
Calculation:
Using mean formula to calculate mean
On solving,
Using standard deviation formula to calculate the standard deviation
On solving,
Using mean formula to calculate mean
On solving,
Using standard deviation formula to calculate the standard deviation
On solving,
Chapter ISG Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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