A small business uses a website to sell clothing andaccessories. the owners use data analytics and have determined ,based on the past 6 months of web visit data, that on any given daythe website receives an average of, μ=300 visits (hits) perday.
(a) Using Chebysheff's theorem find the Chebysheff Confidenceinterval,Iκ, which indicates the number of consumers that willvisit the website at least 75% of the time (days).
(b) If the average purchase per customer is $50. Based on theresults in part a , what daily revenue can the owners expect atleast 75% of the days?
A large data sample from the past 8 club tournaments wasanalyzed by the club pro instructing stuff who determined thefollowing statistics (in strokes)for the golf scores recorded inthe tournaments.
Max Score=140 Min Score=70 Average Score=90 StandardDeviation=8
(a) Find the Max/Min standardized score for a golfer whosescore=105
(b)Calculate the normalized score,N, for a golfer whosescore=114
