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

Define vital statistics, Vital statistics may be interpreted in two ways-i...

Vital statistics may be interpreted in two ways-in a broader sense it refers to all types of population statistics by whatever mode collected while in a narrower sense it refers o

Feature of accounting transaction, Classification feature of Accounting Tra...

Classification feature of Accounting Transaction. Under the classification accountant posts the entries into their respective ledgers in the Accounts Books. Every Account entry

Actual velocity, A boat is heading across a river at a velocity of 25 mph. ...

A boat is heading across a river at a velocity of 25 mph. The river is flowing downstream at 10 mph. What is the actual velocity of the boat?

Interpret predictability and behaviou, Shafts are cut to length by two mach...

Shafts are cut to length by two machines, A and B. Each machine cuts 50 percent of all shafts in approximately the same amount of time. Machine A's shafts are all good, but Machine

Define BIENNIUM, Define BIENNIUM A 24-month fiscal era. In Washington, the...

Define BIENNIUM A 24-month fiscal era. In Washington, the biennium expands from July 1 of odd numbered years to June 30 of odd numbered or more years.

Statistics for management, characteristics of statistics and any two applic...

characteristics of statistics and any two application of statistics

6.2, comulativefrequencydistribution

comulativefrequencydistribution

Book-keeping financial, Expertsmind.com offering financial accounting help...

Expertsmind.com offering financial accounting help,The Financial Accounting vs. The Book-keeping issues itself with the producing (correctly and in a set of books) of those dealin

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