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Show transcribed image text Required information [The following information applies to the questions displayed below.] The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $700 What is the percentage of items that cost: (a)Less than $4.00? (Round your answer to 4 decimal places.) Probability
Required information [The following information applies to the questions displayed below.] The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $700 What is the percentage of items that cost: (a)Less than $4.00? (Round your answer to 4 decimal places.) Probability
