Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A businessman has 8 tour vans for hive. Analysis of his gross profit for the last 200 days Shows That the chances of generating

image text in transcribed

A businessman has 8 tour vans for hive. Analysis of his gross profit for the last 200 days Shows That the chances of generating atleast Ksh 59,300 are 64.8%, While the chances of generating at least Ksh 96,800 are only 1.7%. The gross profits 200 days are normally distributed for the Determine the trean and the Standard denation the gross profits. (ii) Determine the number of days in which gross. profits between 62,450 and 101,450 (inclusive) were generated (111) Cheek if there are chances of generating gross profits which deviate from the mean by more 6000,

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

Step: 3

blur-text-image

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

Management Information Systems Managing the Digital Firm

Authors: Ken Laudon, Jane P. Laudon

13th edition

133050696, 978-0133050691

More Books

Students also viewed these Accounting questions