Total gross profits G on a randomly selected day at Tims Toys follow a distribution that is

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Total gross profits G on a randomly selected day at Tim’s Toys follow a distribution that is approximately Normal with mean $560 and standard deviation $185. The cost of renting and maintaining the shop is $65 per day. Let P = profit on a randomly selected day, so P = G − 65. Describe the shape, center, and variability of the probability distribution of P.

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The Practice Of Statistics

ISBN: 9781319113339

6th Edition

Authors: Daren S. Starnes, Josh Tabor

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