A Vancouver store sells a one day two hour children events tickets. Once-a-week on sale2. -starts on Monday. Monday-to-Wednesday demand for the tickets can be approximated by a normalprobability distribution with a mean of 500 and a standard deviation of 120. The tickets cost $1.50each, and the store sells them for $3 each.(a) If the store throws out all unsold tickets at the end of Wednesday, how many tickets should beordered?(b) If the store reduces the ticket price to $1 each at the end of Wednesday and can sell all surplustickets at this price, how many tickets should be ordered?

Given information: Demand for the tickets can be approximated by a normal probability distribution…

Answered: A Vancouver store sells a one day two…

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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The average student loan debt for college graduates is $25,950. Suppose that that distribution is normal and that the standard deviation is $14,900. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X - N( b Find the probability that the college graduate has between $29,350 and $41,850 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers? Low: $ High: $
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