Probability mean daily revenue next thirty days will exceed

Assignment Help Basic Statistics
Reference no: EM13142043

The owner of a computer repair shop has determined that their daily revenue has mean $7200 and deviation $1200. The daily revenue totals for the next 30 days will be monitored. What is the probability what the mean daily revenue for the next 30 days will exceed $7500?

Reference no: EM13142043

Questions Cloud

Problem related to impact liability : He wants to settle the case. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy'..
Typical cash flow under operating activities : Which of the following is not a typical cash flow under operating activities?
Writing a paper about film adaption. : Writing a paper about film adaption. Need an introduction ASAP.
Prepare a factory overhead budget-separating variable : Prepare a factory overhead budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs.
Probability mean daily revenue next thirty days will exceed : The daily revenue totals for the next 30 days will be monitored. What is the probability what the mean daily revenue for the next 30 days will exceed $7500?
Eliminate errors in pronoun use : Revise the sentences to eliminate errors in pronoun use. - My older brother is an electrician, but I'm not interested in it. -I discovered when I went to sell my old textbooks that they've put out new editions, and nobody wants to buy them.
Compute the density of air : Estimate the density of air, If we approximate the atmosphere to be 79% nitrogen (N_2) by volume and 21% oxygen (O_2)
Clark corporation are what type of control group : the remaining stock is owned by an individual. Brown, Davis and Clark corporation are what type of control group?
Determining return on total assets : Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The co..

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is the best point estimate of mean weight of babies

What is the best point estimate of the mean weight of babies born to mothers who did not use cocaine during their pregnancies?

  Hypothesis testing of population mean-z test

According to news reports, Las Vegas betting parlors increased the number of proposition (prop) bets available to gamblers for this year's Super Bowl (Example: Which team will be the first to suspend a starting player for a team rules violation?).

  Draw histogram and graph for probability function

Let X be the number obtained on the blue die minus the number obtained on the red die. Draw a histogram for its probability function and a graph for its distribution function.

  Critical value for hypothesis testing

The mean life of a battery used in a digital clock is 305 days. The lives of the battery follow normal distribution. The battery was recently modified to last longer. A sample of 20 of the modified batteries had a mean life of 311 days with a stan..

  Description of linear regression equation

A regression equation was computed to be Y'=35+ 6X. The value of the 35 indicates that

  Confidence interval for total population of the students

In a class of 40, 16 driver a car made outside the United States. What is the confidence interval for the total population of students at the 95% level?

  Estimate population proportion

The estimate of the population proportion is to be within plus or minus .10, with a 99 percent level of confidence. The best estimate of the population proportion is .45. How large a sample is required?

  Ordinal scale compared to measurements on nominal scale

What additional information is obtained from measurements on an ordinal scale compared to measurements on a nominal scale?

  Information about descriptive statistics and probability

What is the relationship between descriptive statistics and Affirmative Action ? Can using probability in market trending decisions lead to a bad decision? Explain?

  Determine the median and standard deviation

Listed below are the commissions earned ($000) last year by the sales representatives at the Furniture Patch, Inc.

  Statistical analysis-hypothesis testing

In a recent survey, 10 percent of the participants rated Pepsi as being "concerned with my health." PepsiCo's response included a new "Smart Spot" symbol on its products that meet certain nutrition criteria

  Creating the estimated regression equation

Create the estimated regression equation by calculating the values of b 0   and b 1

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