Estimate the probability that given is the stores revenue

Assignment Help Basic Statistics
Reference no: EM131419722

More groceries. Suppose the store in Exercise 50 had 312 customers today.

a) Estimate the probability that the store s revenues were at least $10,000.

b) If, in a typical day, the store serves 312 customers, how much does the store take in on the worst 10% of such days?

Reference no: EM131419722

Questions Cloud

Determine the cash flows from the firm : Determine the cash flows from the firm and the cash flows to investors of the firm.
Announcement of the debt issue : What is the expected return on the company's equity before the announcement of the debt issue? Construct the company's market value balance sheet before the announcement of the debt issue. What is the price per share of the firm's equity?
Revise your paper to reflect any feedback you have received : Revise your paper to reflect any feedback you have received from your instructor regarding the project draft. You have a good structure and flow to the paper. However, I would recommend a couple of things.
Provide a brief background on the place you visited : Provide a brief background on the place you visited.What was your impression of the site?In what ways are historic sites good tools to study history? Why?How did the site you visited complement the content you studied in this class ?Some great places..
Estimate the probability that given is the stores revenue : If, in a typical day, the store serves 312 customers, how much does the store take in on the worst 10% of such days?
How funds are transferred in financial market : How funds are transferred in financial market, households, firms and government?
Where should the emergency response plan be posted : Where should the emergency response plan be posted? How often should training be provided-annually or quarterly? Which healthcare professionals should be a part of the emergency response team? Why
What was the cash flow to stockholders for the year : The 2010 balance sheet showed $775,000 and $6.9 million in the same two accounts, respectively. If the company paid out $400,000 in cash dividends during 2010, what was the cash flow to stockholders for the year?
Find probability that group average iq is at least 125 point : We also select 3 East State students at random. What's the probability that their average IQ is at least 5 points higher than the average for the 3 West Staters?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find the sample standard deviation - sample mean

Find the sample mean and find the sample standard deviation - construct a confidence interval for the true population mean for body temperatures of healthy adults.

  Linear relationship between the temperature and the amount

The city of Oakdale wishes to see if there is a linear relationship between the temperature and the amount of electricity used (in kilowatts). Based on the data in the table below, is there a significant linear relationship between temperature and th..

  Construct a regular monte carlo approximation

Show that Ef [h(X)] can be computed in closed form and derive its value.- Construct a regular Monte Carlo approximation based on a normal N (0, 1)sample of size Nsim=10^3 and produce an error evaluation.

  A sample proportion is calculated from a sample size of 201

a sample proportion is calculated from a sample size of 201. how large of a sample would we need to decrease the

  Literature review and plagiarism

What are common practices in writing literature reviews to avoid because they are forms of plagiarism? What should be done instead? How would you organize your literature before writing a lit review?

  The variance and standard deviation were 123 and 35

car rental rates per day for a sample of seven eastern u.s. cities are as follows the wall street journal january 16

  Significant difference in blood pressures overtime

Before starting the trial, a pilot study is conducted involving 7 participants. Is there a statistically significant difference in blood pressures overtime? Run the test at a 5% level of significance.

  Meant by estimates of causality

Provide an example of when it would be useful to conduct path analysis by describing a research study. Be sure to include a brief paragraph on what is meant by estimates of causality.

  Test hypothesis that random sample of bulbs has average life

Test the hypothesis that = 800 hours against the alternative 800 hours if a random sample of 30 bulbs has an average life of 788 hours. Use a 0.04 level of significance.

  Difference in the mean number of calls

A random sample of 40 days last year showed that Larry Clark made an average of 4.77 calls per day. For a sample of 50 days George Murnen made an average of 5.02 calls per day. At the .05 significance level, is there a difference in the mean numbe..

  Confidence interval for the average salary of an executive

A random sample of 40 executives gives x‾ = $42,539 and s = $11,690. Give a 90% confidence interval for the average salary of an executive placed in this industry.

  What should be the maximum allowable weight

If we want a 0.99 probability that the elevator will not be overloaded whenever 8 members are randomly selected as passengers, what should be the maximum allowable weight?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd