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Author Question: Exhibit 5-9The probability distribution for the daily sales at Michael's Co. is given below.Daily ... (Read 106 times)

Katmoss16

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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
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Marked as best answer by Katmoss16 on Mar 25, 2023

labrinker

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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.
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Katmoss16

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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