A-3. The daily revenue at a restaurant in London has been recorded for the past severalyears. Records indicate that the population mean daily revenue is £10000 and thepopulation standard deviation is £1500. The population distribution of the daily revenues isunknow.(a) A sample is collected for the daily revenue. To study the shape of the sample meandistribution, which of the following statistical distributions for the population must weassume:A. UniformB. NormalC. BinomialD. None of the above(b) It turns out that the population of daily revenue distribution is skewed due to holidayseasons during the year. Suppose that 100 days are randomly selected from the revenuerecords and the average daily revenue computed. Which of the following describes thesampling distribution of the sample means?A. Normally distributed with mean £10000 and a standard deviation of £150B. Normally distributed with mean £10000and a standard deviation of £1500C. Normally distributed with mean £1000 and a standard deviation of £150D. Binomial distributed with mean £10000 and a standard deviation of £15

The provided information is µ=10000σ=1500 Then, a. C. Normal

Answered: A-3. The daily revenue at a restaurant…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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A-3. The daily revenue at a restaurant in London has been recorded for the past several years. Records indicate that the population mean daily revenue is £10000 and the population standard deviation is £1500. The population distribution of the daily revenues is unknow.