Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that the amount of revenue that a food truck makes per day is normally distributed with a mean of $800 and a standard deviation
Suppose that the amount of revenue that a food truck makes per day is normally distributed with a mean of $800 and a standard deviation of $175. Calculate the following probabilities
- the probability that on a single day the food truck makes more than $900 of revenue
- assuming each day is independent the probability that the food truck makes more than $900 of revenue for 5 days in a row
- the probability that on 5 randomly selected days the mean revenue that food trucks makes is more than $900
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started