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The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods. Revenue Expenses Actual profits budgeted profits
The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods. Revenue Expenses Actual profits budgeted profits 2013 3,046,000.00 316,449,668.6 0 313,395,191.5 9 2014 354,423,628.8 344,734,710.7 9,561,000.00 3 4 2015 396,954,464.2 379,208,181.8 18,115,000.00 9 2 Budgeted Revenue Budgeted Expenses 2016 a. Complete the above table b. What is the likely profit for 2016? Express your results in standard form C. Based on the above table, explain the law of probability and calculate is the likelihood of your actual profits being higher than the budgeted profits
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