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A book store is open for 8 hours per day. On average, 5 customers visit the store each hour. The average amount each customer spends is $18. It costs the owner $780 per day to run the store. Calculate the probability that the store will be profitable in an average day. Use hours as the units for time, and enter the probabilities as dimensionless numbers, thus as values between 0 and 1.

A book store is open for 8 hours per day. On average, 5 customers visit the store each hour. The average amount each customer spends is $18. It costs the owner $780 per day to run the store. Calculate the probability that the store will be profitable in an average day. Use hours as the units for time, and enter the probabilities as dimensionless numbers, thus as values between 0 and 1.

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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A book store is open for 8 hours per day. On average, 5 customers visit the store each hour. The average amount each customer spends is $18. It costs the owner $780 per day to run the store. Calculate the probability that the store will be profitable in an average day. Use hours as the units for time, and enter the probabilities as dimensionless numbers, thus as values between 0 and 1.
Transcribed Image Text:A book store is open for 8 hours per day. On average, 5 customers visit the store each hour. The average amount each customer spends is $18. It costs the owner $780 per day to run the store. Calculate the probability that the store will be profitable in an average day. Use hours as the units for time, and enter the probabilities as dimensionless numbers, thus as values between 0 and 1.
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