The owner of the finer diner submitted a proposal, Basic Statistics

Assignment Help:

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.


Related Discussions:- The owner of the finer diner submitted a proposal

Assignment, i want you to make my buisiness statistics assignment

i want you to make my buisiness statistics assignment

Cost accounting test, i need someon to help me do my cost accounting test

i need someon to help me do my cost accounting test

depreciation during the financial year, Depreciation during the financial ...

Depreciation during the financial year  The Resources which are bought during the economical season and its determined that the Depreciation will be incurred on them @ 10% PA it

Estimate of the population mean time, The average cost per night of a hotel...

The average cost per night of a hotel room in New York City is $273 (SmartMoney, March 2009). Assume this estimate is based on a sample of 45 hotels and that the sample standard

Example of selection a sample, Q. Example of Selection a Sample? Ans. ...

Q. Example of Selection a Sample? Ans. Suppose a presidential election is approaching and many people are interested in knowing which candidate is most likely to win the v

Aritmetic mean, merits and demerits of arithmetic mean

merits and demerits of arithmetic mean

Statistics is the backbone of decision-making, 1. (a) 'Statistics is the ba...

1. (a) 'Statistics is the backbone of decision-making'. Describe.     (b) 'Statistics is as good as the user'. Describe. 2.  Differentiate between the following with example.

Calculate the probability of dealt, Please show work as we need to understa...

Please show work as we need to understand how to calculate the following 4 questions: 1.  You play a card game where 2s are considered wild.  You are dealt 7 cards - what is the

Statistic, any of your writer able to use the database given to generate th...

any of your writer able to use the database given to generate the null, alternative..etc.. into a power point presentation

Write Your Message!

Captcha
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