Question

The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was...

The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean μ = $617 and standard deviation σ = $42. (a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? (Round your answer to four decimal places.) Incorrect: Your answer is incorrect. (b) How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.16? (Round your answer to the nearest dollar.) $

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 3. The amount of money spent weekly on cleaning, maintenance and repairs at a large restaurant...

    3. The amount of money spent weekly on cleaning, maintenance and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed with a mean of $625 and a standard deviation of $39. The amount of money spent weekly on cleaning, maintenance and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed with a mean of $625 and a standard deviation of $39. If...

  • 7. The weekly amount spent for maintenance and repairs in a certain company approximates a normal...

    7. The weekly amount spent for maintenance and repairs in a certain company approximates a normal distribution with a mean of Php19,739 and a standard deviation of Php916. If Php20,004.64 is budgeted to cover repairs for next week, what is the probability that the actual costs will exceed the budgeted amount?

  • A cement truck delivers mixed cement to a large construction site. Let x represent the cycle...

    A cement truck delivers mixed cement to a large construction site. Let x represent the cycle time in minutes for the truck to leave the construction site, go back to the cement plant, fill up, and return to the construction site with another load of cement. From past experience, it is known that the mean cycle time is μ = 50 minutes with σ = 16 minutes. The x distribution is approximately normal. (a) What is the probability that the...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $40 and the estimated standard deviation is about $8. What is the probability that x is between $38 and $42? (Round your answer to four decimal places.) Let us assume that x has a distribution that is approximately normal. What is the probability that x is between $38 and $42?...

  • The Customer Service Center in a large New York department store has determined that the amount...

    The Customer Service Center in a large New York department store has determined that the amount of time spent with a customer about a complaint is normally distributed, with a mean of 9.1 minutes and a standard deviation of 2.7 minutes. What is the probability that for a randomly chosen customer with a complaint, the amount of time spent resolving the complaint will be as follows. (Round your answers to four decimal places.) (a) less than 10 minutes Incorrect: Your...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) ...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $42 and the estimated standard deviation is about $9. (a) Consider a random sample of n = 100 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount...

  • 1. The average amount parents and children spent per child on back-to-school clothes in Autumn 2010...

    1. The average amount parents and children spent per child on back-to-school clothes in Autumn 2010 was $527. Assume the standard deviation is $160 and that the amount spent is normally distributed. What is the probability that the amount spent on a randomly selected child is more than $700? (Round to four decimal places) What is the probability that the amount spent on a randomly selected child is less than $100? (Round to four decimal places) What is the probability...

  • -/2 POINTS MY NOTES ASK YOUR TEACHER Let x represent the dollar amount spent on supermarket...

    -/2 POINTS MY NOTES ASK YOUR TEACHER Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $42 and the estimated standard deviation is about $7. (a) Consider a random sample of n = 80 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the...

  • Data were collected on the amount spent by 64 customers for lunch at a major Houston...

    Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the file named Houston. Based upon past studies the population standard deviation is known with ơ $5. Click on the datafile logo to reference the data. DATA file Round your answers to two decimal places. Use the critical value with three decimal places. a. At 99% confidence, what is the margin of error? . Develop a 99% confidence...

  • This : 1 pt The by firms because this helps to determine advertising pricing for commercials Complete parts (a) through id) spent O A. The variable "weekly time spent watching television&#34...

    This : 1 pt The by firms because this helps to determine advertising pricing for commercials Complete parts (a) through id) spent O A. The variable "weekly time spent watching television" is ly symmetric, but not normally distributed О B. The variable-weekly tine spent watching televiion-is lkely skewed left, not normaly distritted ° C. The variable-weekly time spent watching television" is likely skewed right not romly dvibted O D. Ο E. The variable weekly time spent watching television" iiely normaly...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT