You are responsible for production and sales of Bosporus takeaway snacks. Daily production of snacks is...
The daily sales of a certain variety store are approximately normally distributed with a mean of $10000 and a standard deviation of $2000. What is the probability that a random sample of 100 days will yield a mean greater than $9800?
1) What is the probability of a randomly selected value from a normally distributed population falling within 1.5 standard deviations of the mean? 8) What is the probability of a randomly selected value from a normally distributed population NOT being between 0.68 standard deviations below the mean and 1.5 standard deviations above the mean? ***For the following questions, assume a business has an average daily revenue of $1200 and revenue levels are found to be normally distributed with a standard...
(1 point) The manager of Walton's Discount Shoe Store knows that daily revenue from shoe sales is normally distributed with mean $ 3500 and standard deviation $ 800. Find the probability (to four decimal places) that (a) on a particular day, revenue exceeds $ 4200. (b) on three consecutive days, revenue never exceeds $ 3500. (c) on four consecutive days, the average revenue exceeds $ 4300.
(1 point) The manager of Walton's Discount Shoe Store knows that daily revenue from shoe sales is normally distributed with mean $ 4500 and standard deviation $ 800. Find the probability (to four decimal places) that (a) on a particular day, revenue exceeds $ 4600. (b) on three consecutive days, revenue never exceeds $ 3500. (c) on four consecutive days, the average revenue exceeds $ 4300.
The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 32 liters, and standard deviation of 8 liters. A) What is the probability that daily production is less than 10.9 liters? Answer= (Round your answer to 4 decimal places.) B) What is the probability that daily production is more than 31.6 liters? Answer= (Round your answer to 4 decimal places.)
The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 40 liters, and standard deviation of 10.9 liters. A) What is the probability that daily production is between 24.6 and 68.5 liters? Do not round until you get your your final answer. Answer= (Round your answer to 4 decimal places.) Warning: Do not use the Z Normal Tables...they may not be accurate enough since WAMAP may look for more accuracy than...
Question 20 The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 3 liters, and standard deviation of 8.8 liters. What is the probability that daily production is between 20.4 and 43.9 liters? Round to 4 decimal pla Answer- Submit Question Question 21 • Caught warning in the question code: Cannot use a scalar value as an array on line 1 in file /var/app/current/assess2/questions/Question Caught warning in the question code: Cannot...
M UI, LJ Mules. De THU 19726/2019 6:00 pm The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 40 liters, and standard deviation of 2.8 liters A) What is the probability that daily production is less than 45.7 liters? Answers * (Round your answer to 4 decimal places.) B) What is the probability that daily production is more than 41 7 liters? Answer- (Round your answer to 4 decimal places)
The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 33 liters, and standard deviation of 2.6 liters. A) What is the probability that daily production is between 25.6 and 26.8 liters? Do not round until you get your final answer. (Round your answer to 4 decimal places.)
1. Develop a simulation model in SPSS for a three-year financial analysis of total profit based on the following data and information. Sales volume in the first year is 100,000 units and is projected to grow at a rate that is normally distributed with a mean of 7% per year and a standard deviation of 4%. The selling price is $10 and the price increase each year is normally distributed with a mean of $0.50 and a standard deviation of...