Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 14 Jul 2017 My Price 9.00

store’s revenues

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

 

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

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

Exercise 50

Groceries. A grocery store’s receipts show that Sunday customer purchases have a skewed distribution with a mean of $32 and a standard deviation of $20.

a) Explain why you cannot determine the probability that the next Sunday customer will spend at least $40.

b) Can you estimate the probability that the next 10 Sunday customers will spend an average of at least $40? Explain.

c) Is it likely that the next 50 Sunday customers will spend an average of at least $40? Explain

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Jul 2017 10:07 PM My Price 9.00

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