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The owner of the Finer Diner submitted a proposal to you in hopes of selling the business to you. His asking price is $250,000. Your financial institution advises that your monthly payment to finance that amount would be $1850.00. This is in addition to other business expenses you would incur such as product, payroll, etc. Upon reviewing the accounting records from the restaurant, you discover that it grosses roughly $3000 per day on 6 out of 10 days. Determine the estimated probability that the restaurant will gross over $3000: A) On at least 4 out of 5 business days, B) On at least 5 out of 10 business days, C) On at least 7 out of 10 business days.
A bag contain 5 white , 7 red and 8 black balls. If four balls are drawn one by one without replacement, find the probability of getting all white balls.
We find the correlation coefficient and plot the scatter plot using excel as follows: Time in Waiting Room Heart Rate
Linear Power Supply Uses a transformer to convert voltage from the mains (wall outlet) to a different voltage. With a transformer present, almost any voltage can be obtained. If a
Graphical representation of freehand and semi average method
What is public finance
A. A computer rejuvenation facility receives systems from the fleet at 24 systems/day (assume this is a Poisson process). It takes the triage function 30 minutes (assumed exponen
Why index numbers serve as economic barometers?
1. Suppose you are given a dataset that consists of a random sample of tasters, on which the following variables were obtained: (y) Zpref = taste preference for green beans stor
A Shoe manufacturing company designs a new shoe (Brand A) and it wanted to compare its fit with that of the leading brands in the market Nike and Reebok. 27 Customers were asked to
give an example for scaling technique
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