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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.

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these are the two answers needing to be selected on the quiz for this question.

Brand A's prices are less spread out than brand B's prices

Brand A has a higher average price than brand B

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(a) The average price of brand A is higher than average price of brand B

(b) The price of brand B is more spread out than the price of brand A.

Mean of the distributions

The mean of the distributions for the individual samples is given as;

Mean of Brand A = $50

Mean of Brand B = $40

Standard deviation of the samples

Standard deviation of Brand A = $5

Standard deviation of Brand B = $8

From the mean and standard deviation of the samples we can conclude the following;

  • The average price of brand A is higher than average price of brand B.
  • The price of brand B is more spread out than the price of brand A.

Learn more about standard deviation here: https://brainly.com/question/12402189

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