6.71 Restaurant Sales The daily sales total (excepting Saturday) at a small restaurant has a prob- ability
Question:
6.71 Restaurant Sales The daily sales total (excepting Saturday) at a small restaurant has a prob- ability distribution that is approximately normal, with a mean equal to $1230 per day and a standard devia- tion or equal to $120.
a. What is the probability that the sales will exceed $1400 for a given day?
b. The restaurant must have at least $1000 in sales per day to break even. What is the probability that on a given day the restaurant will not break even?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
2+ Reviews
10+ Question Solved
Related Book For 
Introduction To Probability And Statistics
ISBN: 9780176509804
3rd Edition
Authors: William Mendenhall
Question Posted:
