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Need help with question. Please provide brief explanation and the correct option

ID: 3067426 • Letter: N

Question

Need help with question. Please provide brief explanation and the correct options. please. thanks

These are the means and standard deviations for samples of prices from two different brands of shoes. Brand A Brand B Mean: $50 Mean: $40 Standard deviation: $5 Standard deviation: $8 Select the two true statements. A. Brand A has a lower average price than brand B B. Brand A's prices are more spread out than brand B's prices. nC. Brand A's prices are less spread out than brand B's prices. D. Brand A has a higher average price than brand B

Explanation / Answer

here option C and D are correct

as std deviation (spread) is less for A

also average (mean )value is higher for A.

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