A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $34 and a standard deviation of $19. Suppose the store had 318 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,900. b) If, on a typical Sunday, the store serves 318 customers, how much does the store take in on the worst 1% of such days?
A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $34 and a standard deviation of $19. Suppose the store had 318 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,900. b) If, on a typical Sunday, the store serves 318 customers, how much does the store take in on the worst 1% of such days?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $34 and a standard deviation of $19. Suppose the store had 318 customers this Sunday.
a) Estimate the probability that the store's revenues were at least $10,900.
b) If, on a typical Sunday, the store serves 318 customers, how much does the store take in on the worst 1% of such days?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa1f2822-8ee5-4468-b761-4648e25887d9%2F9f7db6af-a5c4-4d01-aaa2-97dda96bb9fe%2F0646ir_processed.png&w=3840&q=75)
Transcribed Image Text:A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $34 and a standard deviation of $19. Suppose the store had 318 customers this Sunday.
a) Estimate the probability that the store's revenues were at least $10,900.
b) If, on a typical Sunday, the store serves 318 customers, how much does the store take in on the worst 1% of such days?
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