Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A burger franchise planning a new outlet in Boston uses a triangular distribution to model the future weekly sales. They estimate that the minimum weekly

A burger franchise planning a new outlet in Boston uses a triangular distribution to model the future weekly sales. They estimate that the minimum weekly sales is $1000 and the maximum is $6000. They also estimate that the most likely outcome is around $3000. So, the distribution is TRIA (1000, 3000, 6000). What's the probability of having the weekly sales being less than $2,500. (Round your answer with 3 decimal points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry A Unit Circle Approach (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

11th Edition

0135229693, 9780135229699

More Books

Students also viewed these Mathematics questions