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 BExplanation / 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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