Homework Answers
Add Answer to:
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable...
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable...
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable with λ 20 customers/day, that is to say X ~ Poisson(A 20) The hotdog vendor purchases each hotdog (including bun and condiments) for $2 each, and sells them for $5. What is the expected daily profit or loss for the hotdog vendor if he purchases 30 hotdogs each day?
help :( The number of customers visiting a hotdog stand is distributed according to a Poisson...
help :(
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable with 20 customers/day, that is to say X Poisson(A -20) The hotdog vendor purchases each hotdog (including bun and condiments) for $2 each, and sells them for $5. What is the expected daily profit or loss for the hotdog vendor if he purchases 30 hotdogs each day?
Customers enter a store according to a Poisson process of rate λ = 5 per hour....
Customers enter a store according to a Poisson process of rate λ = 5 per hour. Independently, each customer buys something with probability p = 0.8 and leaves without making a purchase with probability q = 1 − p = 0.2. Each customer buying something will spend an amount of money uniformly distributed between $1 and $101 (independently of the purchases of the other customers). What are the mean and the standard deviation of the total amount of money spent...
1.For a table manufacturing company, selling price for a table is $151.00 per Unit, Variable cost...
1.For a table manufacturing company, selling price for a table is $151.00 per Unit, Variable cost is $30.00 per Unit, rent is $3,425.00 per month and insurance is $219.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $324.00 per Unit, Variable cost to $58.00 per Unit, bigger area will have rent $6,364.00 per month and insurance is $360.00 per month At what point will...
The number of loan applications that a bank gets per day is a Poisson-distributed random variable...
The number of loan applications that a bank gets per day is a Poisson-distributed random variable with λ = 7.5. What are the probabilities that on any given day the bank will receive a. exactly six applications; b. at most four applications; c. at least eight applications; and, d. anywhere from five to ten applications?
The number of customers entering a store on a given day is Poisson distributed with mean...
The number of customers entering a store on a given day is Poisson distributed with mean 150 . The amount spent in the store by a customer is exponential with mean 200. The amount spent is independent from number of customers . Estimate the probability that the store takes in at least $20,000. Leave the answer in terms of the distribution of he standard normal random variable.
A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog,...
A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.51 for packing each hotdog and monthly $58.00, $25.00, $10.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $5.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 108.00 people came wanting to buy a hotdog. Determine the vendor's profit for...
solve all the questions. of customers arriving t a cetn chckut co r wa Pos th...
solve all the questions.
of customers arriving t a cetn chckut co r wa Pos th a mcan of 0.6 customens px minute 1E heop is the probability that the first customerw arve etve 905 Api 3e b)1-Se The manager of a bakery knows that the daily demand ( the number of chocutate ckes e can sell on any given day) is a random variable X, having the following papbabifity distribution # of cakes X he can sell per day...
For a table manufacturing company, selling price for a table is $156.00 per Unit, Variable cost...
For a table manufacturing company, selling price for a table is $156.00 per Unit, Variable cost is $25.00 per Unit, rent is $3,179.00 per month and insurance is $292.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $297.00 per Unit, Variable cost to $42.00 per Unit, bigger area will have rent $5,816.00 per month and insurance is $336.00 per month At what point will...
Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000...
Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each. There is a two-month lead time from the initiation to the receipt of an order. The store accountant estimates that the cost in employee time for performing the necessary paperwork to initiate and receive an order is $20, and recommends a 22 percent annual...
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable with λ 20 customers/day, that is to say X ~ Poisson(A 20) The hotdog vendor purchases each hotdog (including bun and condiments) for $2 each, and sells them for $5. What is the expected daily profit or loss for the hotdog vendor if he purchases 30 hotdogs each day?
help :(
The number of customers visiting a hotdog stand is distributed according to a Poisson random variable with 20 customers/day, that is to say X Poisson(A -20) The hotdog vendor purchases each hotdog (including bun and condiments) for $2 each, and sells them for $5. What is the expected daily profit or loss for the hotdog vendor if he purchases 30 hotdogs each day?
A vendor prepares 100.00 hotdogs every day and sells at $18.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.51 for packing each hotdog and monthly $58.00, $25.00, $10.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $5.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 108.00 people came wanting to buy a hotdog. Determine the vendor's profit for...
solve all the questions.
of customers arriving t a cetn chckut co r wa Pos th a mcan of 0.6 customens px minute 1E heop is the probability that the first customerw arve etve 905 Api 3e b)1-Se The manager of a bakery knows that the daily demand ( the number of chocutate ckes e can sell on any given day) is a random variable X, having the following papbabifity distribution # of cakes X he can sell per day...
For a table manufacturing company, selling price for a table is $156.00 per Unit, Variable cost is $25.00 per Unit, rent is $3,179.00 per month and insurance is $292.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $297.00 per Unit, Variable cost to $42.00 per Unit, bigger area will have rent $5,816.00 per month and insurance is $336.00 per month At what point will...
Most questions answered within 3 hours.
-
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 4 minutes ago -
How much money should be invested today in order to have $8340
at the end of...
asked 8 minutes ago -
You are conducting research for a hospital and issue a survey to
patients.
Based on the...
asked 8 minutes ago -
What might be a negative mutation that would hinder the
bug population?
asked 18 minutes ago -
A company just paid a dividend of $1.50 per share. The consensus
forecast of financial analysts...
asked 14 minutes ago -
A mass of 0.50 g of an unknown acid HA required 20.0 mL of 0.25
M...
asked 24 minutes ago -
Mitch is a director and officer of Numero Uno, Inc. Mitch makes
a marketing decision that...
asked 24 minutes ago -
A pair of fair dice is tossed. Let X denote the larger of the
two numbers...
asked 32 minutes ago -
What are the variety of forms of products dispensed with aerosol
spray?
asked 37 minutes ago -
Which one of the following statements is true about C++
keywords?
a. A keyword can have...
asked 37 minutes ago -
Pyruvate Kinase, an allosteric enzyme, accelerates the
conversion of phosphoenolpyruvate to pyruvate.
1) Draw curves describing...
asked 39 minutes ago -
question 1
Which of the following is an example of a bottom-up technique
for developing promotional...
asked 56 minutes ago