A hamburger stand sells hamburgers for $1.45 each. Daily sales have a distribution with a mean of

Question:

A hamburger stand sells hamburgers for $1.45 each.
Daily sales have a with a mean of 530 and a standard deviation of 69.
a. Find the mean daily total revenues from the sale of hamburgers.
b. Find the standard deviation of total revenues from the sale of hamburgers.
c. Daily costs (in dollars) are given by C = 100 + 0.95X where X is the number of hamburgers sold. Find the mean and standard deviation of daily profits from sales. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...