Will the total revenue on any day be normally distributed

Assignment Help Econometrics
Reference no: EM131047990

restaurant has three sources of revenue each normally distributed with mean of $5780, $641 and $712 respectively and std deviation of $142, $78 and $72 respectively.Will the total revenue on any day be normally distributed?

Reference no: EM131047990

Questions Cloud

Phases of the financial management cycle : In the four phases of the Financial Management Cycle (Planning, Budgeting, Managing Operations, Annual Reporting), what is a Financial Manager's role, and what are some of the specific touch points that happen over the course of a year that help ensu..
Determine the best monthly production capacity : Your recommendation will be used to set the size of the manufacturing plant's unionized workforce (Note: You simply have to determine the best monthly production capacity for the next 12 months, not the number of workers required).
Determine the best monthly production capacity : determine the best monthly production capacity for the next 12 months, not the number of workers required).
Define and explain the four points of principled negotiation : Define and explain the four points of principled negotiation. Identify what the most powerful interests are according to the book. Explain in detail what BATNAs are and why it is so important to know what they are when at the negotiating table.
Will the total revenue on any day be normally distributed : Will the total revenue on any day be normally distributed?
Will the total revenue on any day be normally distributed : Will the total revenue on any day be normally distributed
Describe the following insurance company operations : Briefly describe the following insurance company operations: a. Information systems
Find at least one peer-reviewed research article : Find at least one "peer-reviewed (refereed)" research article for your term paper. Don't search too narrowly - for example, "General Mills problems.
Led lighting for energy efficiency : Understand the meaning and function of the LED lightening system - discuss the LED system in comparison to other lighting system

Reviews

Write a Review

Econometrics Questions & Answers

  What can you infer about the elasticity of demand

However, when the commissioner granted the 10 percent increase, revenues increased by only about 5 percent. What can you infer about the elasticity of demand for taxicab rides. What were taxicab drivers assuming about the elasticity of demand.

  Calculate marginal rate of substitution in good x2

2. Find the marginal utility of good x2 3. Calculate the Marginal Rate of Substitution between good x2 and good x1: MRSx2,x1 = (du(·)/dx2)/(du(·)/dx1) 4. Equate this marginal rate of substitution to the ratio of prices : (Px2)/(Px1)

  Derive an expression for the firms marginal revenue curve

Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be the firm's monthly profit

  Determine whether you can meet the july 1 deadline

Your own in-house staff will be responsible for integration and quality control. Because the software and the PBC are contract items, you must carefully monitor the integration phase.

  Which alternative should select if analysis period is 20year

A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternatives are as follows: A B C Installed cost $10,000 $15,000 $20,000 Uniform annual benefit 1,625 1,625 1,890 Useful life in years 10..

  What range of payments will the beekeeper accept

What are the highest and lowest payments from the writer that the beekeeper farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept

  Explain how the values for marginal physical product

explain how the values (how to calculate them) for Marginal Physical Product and Marginal Revenue Product First Column: Number of workers Second Column: Total output Third Column: Marginal Physical Product Fourth Column: Marginal Revenue Product

  Find labor force participation rate for hypothetical economy

Given population = 500, Population 16+ and non-institutionalized = 400, People employed full or part-time = 200 People unemployed and actively seeking work = 20 People who have quit seeking work due to lack of success = 10Part-time workers seeking fu..

  What two conclusions can be drawn about collusion

Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a low-price strategy.  Firm A High-price Low-price What will be the result when Firm A chooses a low-..

  How to use the poisson approximation to the binomial

It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal Use the poisson approximation to t..

  What are the impact and long-run propensities

What are the impact and long-run propensities and explain the nature of potential multicollinearity in the explanatory variables when data for marriage and income is observed each month.

  How many years must the system last invested

An expenditure of $20,000 is made to modify a material-handling system in a small job shop. This modification will result in first-year savings of $2,000, a second-year savings of $4,000, and a savings of $5,000 per year thereafter.

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