Jeff sells the New York Times Sunday newspaper at a city corner near several churches. He sells each newspaper for 6.50 after purchasing them for 4.00. Any unsold newspaper can be returned to the New York Times for a 0.75 credit.
Jeff expects demand on Sunday to be 75, 100, 125, or 150 newspapers and would like to order one of these four quantities from the New York Times. If Jeff orders 150 papers from the New York Times and the Sunday demand is for 100 papers, profit will be _________.A) 56.00
B) 87.50
C) 250.00
D) 312.50
Question 2
The following data represent a random sample the golf scores for a particular golfer from a course that he regularly plays.
84 82 72 86 83 82 89 80 94 84 85 85
89 87 92 88 94 87 86 84 89 84 87 89
96 72 88 89 79 90 76 86 87 89 96
This golfer would like to test if his golf scores at this course follow the normal probability distribution with = 85.0 and = 5.0 using = 0.05. The test statistic for this sample is ________.
A) 2.213
B) 2.655
C) 6.570
D) 8.069
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