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A university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.

A university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.

MATLAB: An Introduction with Applications
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 university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 O None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.
Transcribed Image Text:A university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 O None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.
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