Probability of selling coffee and doughnuts

Assignment Help Basic Statistics
Reference no: EM131742762

Question: Coffee and doughnuts. At a certain coffee shop, all the customers buy a cup of coffee; some also buy a doughnut. The shop owner believes that the number of cups he sells each day is normally distributed with a mean of 320 cups and a standard deviation of 20 cups. He also believes that the number of doughnuts he sells each day is independent of the coffee sales and is normally distributed with a mean of 150 doughnuts and a standard deviation of 12.

a) The shop is open every day but Sunday. Assuming day-to-day sales are independent, what's the probability he'll sell over 2000 cups of coffee in a week?

b) If he makes a profit of 50 cents on each cup of coffee and 40 cents on each doughnut, can he reasonably expect to have a day s profit of over $300? Explain.

c) What's the probability that on any given day he'll sell a doughnut to more than half of his coffee customers?

Reference no: EM131742762

Questions Cloud

Direct your comments to the essay and not the person : Direct your comments to the essay, and not the person. In other words your feedback should say something like
Express the farmer net income : Farmers' market. A farmer has 100 lb of apples and 50 lb of potatoes for sale. The market price for apples (per pound) each day is a random variable.
Employees to various work tasks or activities : What if your job description required you to assign other employees to various work tasks or activities? Could you join a union? Explain your answer.
How could this affect you personally : You are told you are in a "right-to-work" state. What does this mean? Is the state in which you reside and/or work a right-to-work state?
Probability of selling coffee and doughnuts : Coffee and doughnuts. At a certain coffee shop, all the customers buy a cup of coffee; some also buy a doughnut. The shop owner believes that the number.
Is this a violation of the nlra : Is this a violation of the NLRA? If yes, what steps should be taken by these employees?
Local responsiveness pepsico faces : Is the current strategy the best option given the demands for global integration and/or local responsiveness PepsiCo faces?
Describe the challenges the companies staffs may have faced : Respond to the following questions: Describe the challenges the companies' staffs may have faced by using business analytics.
Prepare a market plan to launch a new product : Prepare a market plan to launch a new product or Services for your business in the market.

Reviews

Write a Review

Basic Statistics Questions & Answers

  You are ok with that and you are willing to assume a 6

suppose a shipment of 50 cell phones has arrived from your supplier the samsing manufacturer. as the engineer for your

  Exposure to strong electromagnetic fields cause cancer

Can long-term exposure to strong electromagnetic fields cause cancer?- Researchers in Italy tracked down 13 years of medical records for people living near Vatican Radio s powerful broadcast antennas.

  Does listening to mozart increase performance

Specify the null and alternative hypotheses in words for each of the following research questions. Does listening to Mozart increase performance.

  Find the probability that 70 randomly selected washing

suppose that replacement times for washing machines have a mean of 9.3 years and a standard deviation of 1.1 years.

  Pearson coefficient-chi-square designs

What types of variables are measured using Pearson coefficient, and what types variables are measured with chi square; I am looking for names of variables (e.g., nominal, interval)?

  What is the probability that the flight departs with empty

because not all airline passengers show up for their reserved seat an airline sells 126 tickets for a flight that holds

  Theodore roosevelt to sponsor government intervention

One of the most famous labor/management conflicts took place in the 1902 Coal Strike in Pennsylvania. The strike brought the coalmine owner George Baer against the United Mine Workers Union, and led Theodore Roosevelt to sponsor government interve..

  Average level of reading ability

A researcher tested the reading ability of two groups of primary care patients. The scores on the test range from 1 to 9 with 9 indicating a high degree of reading ability and 1 very limited reading ability.

  Question-continuous probability distribution

Now we are going to talk about continuous probability distributions. In a continuous probability distribution, the variable can have a value within a range.

  In what circumstances can z be greater than one

a) Under what circumstances can z be greater than one? b) Under what circumstances can a probability be greater than one?

  Are mean waiting times same for emergency patients

The results are shown below. Research question: Are the mean waiting times the same for emergency patients in these four hospitals? Use 0.05 for the significance level in making your decision.

  Test the hypothesis at level of significance

Test the hypothesis, at the 0.05 level of significance, that the size of a family is independent of the level of education attained by the father.

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