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Author Question: Exhibit 5-9The probability distribution for the daily sales at Michael's Co. is given below.Daily ... (Read 114 times)

Katmoss16

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Question 1

Exhibit 5-9
The probability distribution for the daily sales at Michael's Co. is given below.

 

Daily Sales
(In $1,000s)


Probability

40

0.1

50

0.4

60

0.3

70

0.2


Refer to Exhibit 5-9. The expected daily sales are


$55,000


$56,000


$50,000


$70,000



Question 2

Exhibit 5-9
The probability distribution for the daily sales at Michael's Co. is given below.

 

Daily Sales
(In $1,000s)


Probability

40

0.1

50

0.4

60

0.3

70

0.2


Refer to Exhibit 5-9. The probability of having sales of at least $50,000 is


0.5


0.10


0.30


0.90



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Marked as best answer by Katmoss16 on Mar 25, 2023

labrinker

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Katmoss16

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Reply 2 on: Mar 25, 2023
Wow, this really help


aruss1303

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Reply 3 on: Yesterday
Excellent

 

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