A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $34 and a standard deviation of $20. Suppose the store had 314 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,800. b) If, on a typical Sunday, the store serves 314 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 $20. Suppose the store had 314 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,800. b) If, on a typical Sunday, the store serves 314 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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