ZuoTi.Pro
Question

A grocery store is trying to predict how many packages of toilet paper rolls will be...

A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day.

(a) What is the expected number of packages sold in one day?

(b) What is the probability that the average number of packages per customer is greater than 1 over the course of a week? Assume the store is open 7 days a week.

c) Would you need a large sample size in order for the probability histogram of the sample mean to be normal? Explain briefly

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
A grocery store is trying to predict how many packages of toilet paper rolls will be...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • A grocery store is trying to predict how many packages of toilet paper rolls will be...

    A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day. a.) What is the expected number of packages sold in one day? b.) What is the...

  • Sam's club sampled 225 customers this week to find out how many packages of toilet paper...

    Sam's club sampled 225 customers this week to find out how many packages of toilet paper they purchased. On average, they were purchasing 5 packages, with a standard deviation of 1 package. What is the margin of error of the mean estimate of 5 packages that captures 95% of all values? this is for college stats, thanks

  • only a and b pt 2 for reference newsvendor model 3. The warehouse store in Problem...

    only a and b pt 2 for reference newsvendor model 3. The warehouse store in Problem #2 has a lot of market power. It has convinced its supplier to build a warehouse nearby and to provide vendor-managed-inventory (VMI) services - including delivery-- for free, with inventory being delivered on consignment. Under a vendor-managed inventory system, the warehouse store no longer sends orders to the supplier. Instead the supplier is responsible for managing the inventory according to some rules that are...

  • Study case 1: National Best Health Food Store National Best Health Food Store (NHFS) is a...

    Study case 1: National Best Health Food Store National Best Health Food Store (NHFS) is a chain of health food stores serving in three major well- known (NSW, Queensland and Victoria). Open in 1965 with selling on ly herbal items like coffees, teas and house hold products, since the expansion of business in 1990, it has increase the range of product line including personal care, pert care and grocery items. Currently it has fifteen stores in three states. Due these...

  • Background: During your first business class, you saw the opportunity to bring white paper squares to...

    Background: During your first business class, you saw the opportunity to bring white paper squares to the Salisbury University market. On a whim, you started manufacturing low quality, thin, white, flexible squares of paper. Shockingly, your business took off and the company was successful in competing in a saturated market. Seeing the need for diversification, you launched a new specialty product with the hope of increasing sales and setting the business apart. With moderately good recording keeping and a solid...

  • Heavenly Chocolate manufactures and sells quality chocolate products at its plant and retail store located in...

    Heavenly Chocolate manufactures and sells quality chocolate products at its plant and retail store located in Saratoga Springs, New York. Two years ago the company developed a website and began selling its products over the Internet. Website sales have exceeded the company’s expectations, and management is now considering strategies to increase sales even further. To learn more about the website customers, a sample of 50 Heavenly Chocolate transactions was selected from the previous month’s sales, and the data were recorded...

  • 1) Continuous random variables are obtained from data that can be measured rather than counted. A)...

    1) Continuous random variables are obtained from data that can be measured rather than counted. A) True B) False 2) Discrete variables have values that can be measured. A) True B) False 3) Determine whether the random variable described is discrete or continuous. The number of minutes you must wait in line at the grocery store A) continuous B) discrete 4) Determine whether the random variable described is discrete or continuous. The total value of a set of coins A)...

  • Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store?...

    Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store? 2. What challenges do traditional retailers face in trying to transition from in-store sales to online sales? 3. List and briefly describe at least three of the strategies that Target has implemented in its staffing system to better accommodate online sales. 4. What are the career implications of the trends described in this article? 5. From a consumer perspective, what are the relative advantages...

  • 100 words comment on WHO (the typical shopper) this affects - what is the demographic of...

    100 words comment on WHO (the typical shopper) this affects - what is the demographic of who will be fooled by this type of price change. Give an example you have seen where the producer changes the price in an unethical way. (Examples can include similar instances of changing packaging, or when you buy a car, charging for "extras" such as rustproofing, or when a cell phone distributor sells you "insurance" on a phone, but does not tell you there...

  • CASE 5 PANTRY MARKETS Pantry Markets is a medium-sized southeastern grocery chain head- quartered in Tampa,...

    CASE 5 PANTRY MARKETS Pantry Markets is a medium-sized southeastern grocery chain head- quartered in Tampa, Florida. Sales for the chain have been growing at an average rate of 20% per annum; the chain opened four new stores last year. Although Mr. Carl Royal, president of Pantry Markets, is modest about his achievements, the grocery chain has been increas ingly recognized as a strong competitor in several markets. "In a nutshell," Mr. Royal says, "our marketing strategy over the years...

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