ETC1000 - Business and economic statistics - S1 2025
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Prices of sugar at stores in one particular suburb in South Australia are said to be in the highest 1.5% of South Australia's sugar price. What is the price range of sugar at stores in this suburb?
(Report to 2 decimal places and include appropriate units)
Bob has just bought a bag of sugar from a shop in South Australia. What is the probability that he paid more than $3.00?
(Report as a probability to 4 decimal places, e.g. 0.6521)
What is the probability that the price of a bag of sugar from a randomly selected store in South Australia costs more than $2.80?
(Report as a probability to 4 decimal places, e.g. 0.6521)
What is the probability that the price of a 2kg bag of sugar from a randomly selected store in South Australia costs more than $2.80 and up to $2.85?
(Report as a probability to 4 decimal places, e.g. 0.6521)
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