This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Exhibit 5-9The probability distribution for the daily sales at Michael's Co. is given below.Daily ... (Read 113 times)

Katmoss16

  • Full Member
  • ***
  • Posts: 156
on: Mar 25, 2023

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

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Katmoss16 on Mar 25, 2023

labrinker

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


Katmoss16

  • Member
  • Posts: 156
Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Distribution of bonding and outer nonbonding electrons in the peptide group Distribution of bonding and outer nonbonding electrons in the peptide group
Estimating Daily Caloric Expenditure Estimating Daily Caloric Expenditure
The Distribution of the Earth's Wealth The Distribution of the Earth's Wealth
Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: Elementary kinetics

For a complete list of videos, visit our video library